Why is Amber Enterp. falling/rising?

As of 05-Jun, Amber Enterprises India Ltd is experiencing a price increase, currently at 6,304.95, reflecting a rise of 63.6 points or 1.02%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 1.96% and reached an intraday high of Rs 6,457.75, marking a 3.47% increase. Over the past week, the stock has seen a slight decline of 0.87%, but it has performed positively over the last month with a return of 3.47%. The company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 1.29 times and a healthy annual growth rate in net sales of 20.27%. Additionally, the stock is technically in a mildly bullish range, supported by positive indicators such as MACD and KST.
In the broader market context, the stock's short-term performance has been weaker compared to the benchmark, with a 1-week return of -0.87% against the Sensex's -0.23%. However, the stock has significantly outperformed the market over the past year, generating a return of 73.55% compared to the benchmark's 9.49%. The high institutional holdings at 46.47% suggest that knowledgeable investors are confident in the company's fundamentals, which may contribute to the stock's resilience and recent upward movement. Overall, the combination of positive financial results, strong institutional support, and a reversal in short-term trends are driving the stock's current rise.