Why is Amba Enterprises falling/rising?

As of 01-Aug, Amba Enterprises Ltd is currently priced at 144.85, reflecting an increase of 1.5 (1.05%). The stock opened with a gain of 3.21% today and reached an intraday high of Rs 149.4, outperforming its sector by 2.21%. However, it remains close to its 52-week low, just 3% away from Rs 140.5. Over the past week, the stock has declined by 1.23%, and its performance over the last month shows a significant drop of 6.55%. Despite these declines, the company exhibits strong fundamentals, including a high return on capital employed (ROCE) of 21.14% and a low debt to EBITDA ratio of 0.53 times, indicating solid management efficiency and the ability to service debt. The stock is trading at a discount compared to its peers, and while it has underperformed in the past year with a return of -38.12%, its profits have increased by 20.3%, suggesting potential for recovery.
In the broader market context, the Sensex has shown a decline of 1.06% over the past week and a 3.70% drop over the last month, indicating a challenging environment for stocks in general. Amba Enterprises' year-to-date performance is notably worse than the benchmark, with a decline of 29.50% compared to the Sensex's increase of 3.15%. This underperformance may contribute to investor sentiment, despite the positive indicators of management efficiency and growth potential. The stock's recent rise could be attributed to increased investor participation, as evidenced by a 20.76% rise in delivery volume, which may signal renewed interest amidst a generally bearish market.