Why is Amber Enterp. falling/rising?

As of 08-Jul, Amber Enterprises India Ltd is experiencing a price increase, currently at 7,481.00, which reflects a rise of 52.6 points or 0.71%. The stock has shown strong performance recently, gaining 10.53% over the last six days and outperforming its sector by 0.96% today. Over the past week, the stock has increased by 5.62%, and it has delivered an impressive 65.62% return over the past year. The company has consistently reported positive results for the last four consecutive quarters, with significant growth in net sales and a low debt-to-EBITDA ratio, which enhances its appeal to investors. However, there has been a slight decline in investor participation, with delivery volume decreasing by 7.67% against the five-day average.
In the broader market context, Amber Enterprises has outperformed the Sensex, which has only seen a 0.02% increase over the past week. The stock's strong performance in both the short and long term, including a 16.96% rise over the past month and a remarkable 212.46% increase over three years, positions it favorably against the benchmark. Despite its expensive valuation and a relatively high PEG ratio, the high institutional holdings suggest confidence in the company's fundamentals, contributing to its rising stock price. Overall, the combination of solid financial performance and positive market sentiment has driven the stock's upward movement.