Why is Amal falling/rising?

As of 04-Sep, Amal Ltd's stock price is currently at 923.00, reflecting a decrease of 27.0 points or 2.84%. Today's price summary indicates that the stock has underperformed its sector by 2.74%, with an intraday low of Rs 914, which represents a decline of 3.79%. Despite a strong long-term performance, with a year-to-date return of 103.75% and a one-year return of 173.97%, the stock has faced challenges recently, including an 8.18% decline over the past month. While the company has shown healthy growth in net sales and operating profit, its high valuation metrics and low domestic mutual fund ownership may contribute to investor caution, leading to the current price drop.
In the broader market context, the Sensex has increased by 0.80% over the past week, while Amal Ltd has outperformed this benchmark with a 1.88% gain in the same period. However, the stock's recent underperformance in the short term, combined with its high valuation and limited institutional support, may be causing investors to reassess their positions. The liquidity of the stock remains adequate, but the significant rise in delivery volume suggests that while there is interest, it may not be sufficient to counteract the current downward price movement.