Why is Amal falling/rising?

As of 22-Jul, Amal Ltd's stock price is rising, currently at 1,068.55, reflecting an increase of 97.1 or 10.0%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 9.86%. Over the past week, Amal has increased by 1.37%, while its performance over the last month stands at an impressive 72.83%. The company has consistently delivered strong financial results, with net sales growing at an annual rate of 54.69% and operating profit at 60.95%. Despite a very expensive valuation indicated by a high Price to Book Value, the stock's long-term growth potential and positive quarterly results have contributed to its recent upward movement.
In the broader market context, Amal's short-term performance has significantly outpaced the Sensex, which has declined by 0.47% over the same week. The stock has generated a remarkable 194.37% return over the past year, far exceeding the Sensex's 2.09% increase. However, it is noteworthy that domestic mutual funds hold only a minimal stake in Amal, which may suggest caution regarding its current valuation. Despite this, the stock's liquidity remains adequate for trading, and it continues to trade above all key moving averages, indicating a strong bullish sentiment among investors.