Why is Amal falling/rising?

As of 17-Jul, Amal Ltd's stock price is rising, currently at 1,041.45, reflecting an increase of 45.6 or 4.58%. The stock has shown impressive performance, with a 1-week return of +29.66% and a 1-month return of +73.86%, significantly outperforming the Sensex, which has seen a decline of -1.12% over the same week. Today's trading saw the stock reach an intraday high of Rs 1066, and it is currently trading above all key moving averages, indicating strong upward momentum. Positive factors contributing to this rise include the company's robust long-term growth, with net sales and operating profit increasing at annual rates of 54.69% and 60.95%, respectively. Additionally, the company has reported positive results for the last eight consecutive quarters, further boosting investor confidence.
In the broader market context, Amal Ltd's performance stands out as it has generated a remarkable 176.21% return over the past year, significantly outpacing the Sensex's 1.91% increase. Despite a recent decline in investor participation, with delivery volume falling by 34.52%, the stock remains liquid enough for trading. However, the company's high valuation, indicated by a Price to Book Value of 13 and a low PEG ratio of 0.1, suggests that it may be considered expensive compared to its peers. The limited stake held by domestic mutual funds, at only 0.03%, could indicate a lack of comfort with the current price or business outlook, which may temper some of the enthusiasm surrounding the stock's recent rise.