Why is Amber Enterp. falling/rising?

As of 11-Jul, Amber Enterprises India Ltd is experiencing a decline in its stock price, currently at Rs 7,463.50, which reflects a decrease of Rs 282.6 or 3.65%. Today's performance indicates that the stock has underperformed its sector by 3.19%, marking a trend reversal after eight consecutive days of gains. The stock reached an intraday low of Rs 7,380, down 4.73%, with trading volume skewed towards this lower price. Despite this drop, the stock has shown strong performance over the past week, month, and year, with returns of 1.55%, 12.47%, and 63.67% respectively. Positive factors contributing to the stock's strength include a low Debt to EBITDA ratio, consistent growth in net sales, and high institutional holdings, which suggest strong investor confidence. However, the stock's expensive valuation and a high PEG ratio may be causing some investors to reassess their positions, contributing to the recent price decline.
In the broader market context, Amber Enterprises has outperformed the benchmark Sensex over various periods, including a 63.67% return over the last year compared to the Sensex's 3.26%. However, the stock's recent performance today contrasts with the benchmark's slight decline of 1.12% over the past week, indicating that while the stock has been strong overall, it is currently facing selling pressure. The liquidity of the stock remains adequate for trading, which may provide some support against further declines. Overall, while Amber Enterprises has demonstrated robust long-term growth and investor interest, the recent price drop reflects a combination of profit-taking and concerns over valuation.