Why is Amber Enterp. falling/rising?

As of 29-Jul, Amber Enterprises India Ltd is experiencing a price increase, currently at Rs 7,803.95, reflecting a rise of Rs 341.95 or 4.58%. The stock has shown strong performance recently, gaining 7.41% over the last two days and outperforming its sector by 4.13% today. It is also close to its 52-week high, just 4.65% away from Rs 8,167.1. Over the past year, the stock has delivered impressive returns of 78.50%, significantly outperforming the benchmark Sensex, which has remained nearly flat at -0.02%. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.29 times and consistent positive results over the last five quarters, contributing to investor confidence.
Broader market context indicates that while Amber Enterprises has outperformed the Sensex in both the short and long term, the benchmark has seen a decline of 1.03% over the past week and 3.24% over the past month. This contrast highlights Amber's strong market position, as it has generated a 5.94% return over the last week and a 13.95% return over the last month. Despite a recent decline in delivery volume, the stock remains liquid and is trading above its moving averages, suggesting continued investor interest. The high institutional holdings at 46.41% further support the stock's upward momentum, as these investors typically have the resources to analyze and support strong fundamentals.