Why is Amba Enterprises falling/rising?

As of 22-Aug, Amba Enterprises Ltd's stock price is currently at 149.95, reflecting an increase of 3.85 or 2.64%. The stock has been gaining for the last three days, with a total return of 5.12% during this period. It has outperformed its sector by 3.13% today and reached an intraday high of Rs 150. Despite these positive movements, the stock is trading below its 50-day, 100-day, and 200-day moving averages, indicating some weakness in longer-term trends. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 37.17% compared to the 5-day average. The company demonstrates strong fundamentals, including a high return on capital employed (ROCE) of 21.14% and a low debt-to-EBITDA ratio of 0.53, which supports its ability to service debt and indicates healthy long-term growth potential.
In the broader market context, Amba Enterprises has outperformed the Sensex in the short term, with a 1-week return of 5.52% compared to the benchmark's 0.88%. However, the stock has underperformed over the longer term, with a year-to-date decline of 27.01% against the Sensex's gain of 4.05%. This discrepancy highlights the challenges faced by the company despite its recent positive performance. The stock's significant drop over the past year, where it fell by 30.63%, contrasts sharply with the market's relatively minor decline, indicating that while the stock may be experiencing a short-term rally, it still faces underlying issues that have affected its overall performance.