Why is Amber Enterp. falling/rising?

As of 09-Jul, Amber Enterprises India Ltd is experiencing a price increase, currently at Rs 7,652.50, which reflects a rise of Rs 171.5 or 2.29%. The stock has shown strong performance recently, gaining 13.06% over the last seven days and outperforming the benchmark Sensex, which only increased by 0.15% during the same period. Additionally, the stock is trading above its moving averages across various time frames, indicating a bullish trend. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio and consistent growth in net sales, which has contributed to positive investor sentiment.
In the broader market context, Amber Enterprises has outperformed the Sensex significantly over the past week, month, and year, with returns of 6.14%, 15.24%, and 67.83%, respectively, compared to the benchmark's much lower returns. The consumer durables sector, in which Amber operates, has also seen gains, further supporting the stock's upward movement. Despite a recent decline in delivery volume, the stock remains liquid and is backed by high institutional holdings, which often indicates confidence in the company's fundamentals. Overall, the combination of strong financial performance and favorable market conditions has led to the stock's rising price.