Why is Amber Enterp. falling/rising?

As of 15-Jul, Amber Enterprises India Ltd is experiencing a price increase, currently at Rs 7,834.40, reflecting a rise of Rs 194.5 or 2.55%. The stock has shown strong performance, gaining 4.72% over the past week and 21.19% over the last month, significantly outperforming the Sensex, which has declined by 1.36% in the same week. Today's performance indicates that the stock is close to its 52-week high, just 4.32% away, and has outperformed its sector by 2.25%. The stock has been on a consecutive gain streak for the last two days, with a total return of 4.9% during this period. Additionally, Amber Enterprises is trading above its moving averages, indicating a strong upward trend. The company’s solid fundamentals, including a low Debt to EBITDA ratio of 1.29 times and a robust annual sales growth rate of 20.27%, contribute positively to its stock performance.
In the broader market context, Amber Enterprises has demonstrated market-beating performance over both the long and near term, generating a return of 66.67% over the past year, while the Sensex has only increased by 2.36%. This strong performance is bolstered by high institutional holdings at 46.47%, suggesting confidence from more sophisticated investors. However, there are risks associated with its valuation, as indicated by a high Enterprise value to Capital Employed ratio of 7.9, which may suggest that the stock is expensive relative to its earnings growth. Despite these concerns, the overall positive sentiment surrounding the company, driven by consistent positive results and growth in net sales, supports the stock's upward movement.