Why is Amal falling/rising?

As of 05-Sep, Amal Ltd's stock price is rising, currently at 935.00, reflecting an increase of 12.0 or 1.3%. The stock has shown strong performance today, outperforming its sector by 1.38% and reaching an intraday high of Rs 943.3, which is a 2.2% increase. Over the past week, Amal has gained 1.41%, and despite a decline of 9.13% over the past month, it has delivered impressive year-to-date returns of 106.40% and a remarkable 174.56% over the past year. The company's positive financial results, including a 54.69% growth in net sales and a 60.95% increase in operating profit, along with consistent positive results over the last eight quarters, contribute to investor confidence. However, the stock's high valuation, indicated by a Price to Book Value of 11.7 and a low domestic mutual fund stake, suggests some caution among investors.
Broader Market Context: In the context of the broader market, Amal Ltd has outperformed the Sensex, which has remained flat over the past month with a 0.00% change. While the stock has shown volatility in the short term, its long-term performance remains strong, significantly beating the benchmark indices over various periods, including a 182.15% increase over three years compared to the Sensex's 36.23%. This strong relative performance, combined with rising investor participation and liquidity, supports the stock's upward movement despite some concerns regarding its valuation and market perception.