Why is Amber Enterp. falling/rising?

As of 24-Jul, Amber Enterprises India Ltd is experiencing a price increase, currently at 7,362.50, with a change of 46.85 (0.64%) upward. The stock has shown a trend reversal, gaining after six consecutive days of decline. Despite underperforming its sector by 0.64% today, it has demonstrated strong long-term growth, with a 70.59% return over the past year and a remarkable 196.99% increase over the last three years. The company has consistently declared positive results for the last four quarters, showcasing a healthy net sales growth of 33.8% and a low Debt to EBITDA ratio of 1.29 times, which supports its ability to service debt effectively. However, the stock's delivery volume has decreased by 18.08% against the five-day average, indicating falling investor participation.
In the broader market context, Amber Enterprises has underperformed the benchmark Sensex in the short term, with a 1-week return of -3.10% compared to the Sensex's -0.09%. While the stock has shown strong performance over the long term, it faces risks due to its expensive valuation and a PEG ratio of 1.3, suggesting that while it has generated significant returns, its profits have not kept pace with its valuation. Despite these risks, the high institutional holdings at 46.41% indicate confidence from more knowledgeable investors, which may support the stock's price movement in the future.