Why is Amal falling/rising?

As of 15-Jul, Amal Ltd's stock price is rising, currently at 1,054.15, reflecting an increase of 97.35 or 10.17%. The stock has recently hit a new 52-week and all-time high of Rs 1,148, demonstrating strong performance with a 31.69% return over the last two days. It has outperformed its sector by 8.27% today and has shown significant gains over various periods, including a remarkable 174.20% increase over the past year. The company's positive financial results, including a 38.64% growth in net profit and consistent positive results for the last eight quarters, contribute to investor confidence. However, the stock's high valuation, indicated by a Price to Book Value of 13.1 and a low PEG ratio of 0.1, raises some concerns about its sustainability at current price levels.
In the broader market context, Amal Ltd's short-term performance stands in stark contrast to the benchmark, with the stock gaining 40.77% over the past week while the Sensex has declined by 1.36%. This divergence highlights the stock's strong market-beating performance, particularly in the long term, where it has outperformed the BSE500 over the last three years, one year, and three months. Despite the impressive returns, the low stake held by domestic mutual funds, at only 0.03%, suggests some caution among institutional investors regarding the stock's valuation and future prospects.