Why is Amber Enterp. falling/rising?

As of 18-Jul, Amber Enterprises India Ltd is experiencing a decline in its stock price, currently at 7,568.40, which reflects a decrease of 29.6 points or 0.39%. The stock has been under pressure, having fallen consecutively for the last three days, resulting in a total drop of 3.4% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 71.03% increase over the past year and a remarkable 210.12% rise over the last three years. However, the delivery volume has significantly decreased by 63.98% compared to the five-day average, indicating falling investor participation. The company maintains a strong financial position with a low Debt to EBITDA ratio of 1.29 times and has reported healthy long-term growth in net sales, which grew at an annual rate of 20.27%.
In the broader market context, Amber Enterprises has outperformed the Sensex, which has declined by 0.90% over the past week while the stock itself has gained 1.41%. This indicates that, despite the recent price drop, the stock has been able to maintain a positive trajectory relative to the benchmark in the short term. The company has also shown consistent positive results over the last four quarters, contributing to its strong institutional holdings at 46.47%. However, the stock is considered to have an expensive valuation with a ROCE of 15.3 and a PEG ratio of 1.3, which may be causing some caution among investors. Overall, while the stock has demonstrated strong long-term performance, recent declines may be attributed to reduced trading activity and concerns over its valuation.