Why is Amal falling/rising?

As of 18-Jul, Amal Ltd's stock price is currently at 1,012.80, reflecting a decrease of 28.65 points or 2.75%. Today's price summary indicates that the stock underperformed its sector by 2.51%, with an intraday high of Rs 1,076 and a low of Rs 1,000. Despite this decline, the stock has shown impressive returns over various periods, including a 71.66% increase over the past month and a remarkable 174.47% rise over the last year. The company's strong financial performance, with a net sales growth rate of 54.69% and a consistent positive profit trend over the last eight quarters, supports its long-term growth narrative. However, the stock's high valuation, indicated by a Price to Book Value of 12.6, and low domestic mutual fund ownership may raise concerns among investors.
In the broader market context, while Amal Ltd has significantly outperformed the Sensex with a 1-year return of 174.47% compared to the benchmark's 0.51%, it is currently facing a short-term setback. The stock's recent decline contrasts with its strong historical performance, suggesting that investor sentiment may be affected by its high valuation and reduced participation, as evidenced by a 40.37% drop in delivery volume. This combination of factors may be contributing to the stock's current downward movement, despite its overall strong growth trajectory.