Why is Amba Enterprises falling/rising?

As of 21-Aug, Amba Enterprises Ltd is experiencing a price increase, currently at 146.10, reflecting a change of 1.6 or 1.11% upward. The stock has shown a positive performance today, outperforming its sector by 0.56%, and has gained consecutively over the last two days, resulting in a total return of 2.42% during this period. However, despite this short-term gain, the stock has underperformed over the past month with a decline of 3.12% and a significant year-to-date drop of 28.89%. The company exhibits strong fundamentals, including high management efficiency with a return on capital employed (ROCE) of 21.14%, a low debt to EBITDA ratio of 0.53, and healthy long-term growth rates in net sales and operating profit. Nonetheless, the stock's recent performance is tempered by a flat earnings report for June and a significant underperformance compared to the broader market over the past year.
In the broader market context, the stock's short-term return of 2.81% over the past week surpasses the Sensex's return of 1.74%, indicating a relative strength in the short term. However, the stock's longer-term performance remains concerning, with a year-over-year decline of 31.62% compared to the Sensex's modest gain of 1.35%. This stark contrast highlights the challenges Amba Enterprises faces in regaining investor confidence, especially given the falling investor participation and a notable drop in delivery volume. While the stock is trading at a discount compared to its peers, the overall negative sentiment from its past performance and recent flat results may continue to weigh on its recovery.