Why is Amara Raja Ener. falling/rising?

As of 07-Aug, Amara Raja Energy & Mobility Ltd is experiencing a price increase, with the current price at 938.05, reflecting a rise of 7.55 (0.81%). Today's price summary indicates that the stock has outperformed its sector by 1.16% and has gained after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the longer term. Over the past year, the stock has significantly underperformed, with a return of -39.08%, while its profits have decreased by 7.6%. Despite this, the company maintains a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 2.3, which may support investor interest.
In the broader market context, the stock's short-term performance over the past week shows a decline of 2.94%, while the benchmark Sensex has only fallen by 0.69%. This indicates that Amara Raja Energy & Mobility Ltd has been underperforming relative to the market. Although high institutional holdings at 33.39% suggest a level of confidence from more knowledgeable investors, the company's poor long-term growth prospects, as evidenced by a low operating profit growth rate and disappointing recent financial results, may weigh on investor sentiment. Overall, while there are some positive factors, the stock's recent movements reflect ongoing challenges in its performance relative to both its historical returns and the broader market.