Why is Amal falling/rising?

As of 24-Jul, Amal Ltd's stock price is currently at 1,063.15, reflecting a decrease of 26.85 points or 2.46%. Today's price summary indicates that the stock has underperformed its sector by 3.42% and has experienced a trend reversal after two consecutive days of gains. The stock reached an intraday high of Rs 1,117 but fell to a low of Rs 1,027.95, with more volume traded closer to the low price. Despite this decline, the stock has shown strong performance over longer periods, with a 204.71% return over the past year and a staggering 696.06% over the last five years. Positive factors include healthy long-term growth, with net sales and operating profit increasing significantly, and consistent positive results over the last eight quarters. However, the stock's high valuation and low domestic mutual fund ownership may raise concerns among investors.
In the broader market context, Amal Ltd's short-term performance of +2.08% over the past week contrasts with the Sensex, which has seen a slight decline of 0.09%. This suggests that while the stock has been performing well in the short term relative to the benchmark, the recent drop indicates a potential correction or profit-taking by investors. The stock's strong long-term growth metrics and market-beating performance may not be enough to offset the immediate concerns regarding its valuation and investor sentiment, leading to the current price decline.