Why is Amba Enterprises falling/rising?

As of 10-Jul, Amba Enterprises Ltd is experiencing a price increase, with its current price at Rs. 144.10, reflecting a change of 1.45 (1.02%) upward. The stock has shown a trend reversal after nine consecutive days of decline, hitting a new 52-week low of Rs. 140.5 earlier in the day. Despite this recent uptick, the stock has underperformed significantly over various periods, with a year-to-date decline of 29.86% and a one-year drop of 36.80%. However, the company demonstrates strong fundamentals, including a high return on capital employed (ROCE) of 21.14%, a low debt-to-EBITDA ratio of 0.53, and healthy long-term growth in net sales and operating profit. The stock is currently trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, Amba Enterprises has underperformed the benchmark Sensex, which has gained 6.46% year-to-date, while the stock has declined by nearly 30%. In the short term, the stock's performance over the past week shows a decline of 4.44%, contrasting with the Sensex's minimal change of -0.06%. Despite the recent price increase, the stock's trading below its moving averages indicates ongoing weakness. Nevertheless, rising investor participation, as evidenced by a significant increase in delivery volume, suggests a potential shift in sentiment that could support the stock's recovery moving forward.