Why is Amber Enterp. falling/rising?

As of 19-Aug, Amber Enterprises India Ltd is experiencing a decline in its stock price, currently at 7,372.00, reflecting a decrease of 66.85 points or 0.9%. Today's performance indicates that the stock has underperformed its sector by 1.96%. Despite this, the stock has shown a positive trend over the past week with a return of 7.58%, although it has seen a slight decline of 2.60% over the past month. The stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, but below its 20-day moving average. Notably, there has been a significant increase in investor participation, with delivery volume rising by 131.06% against the 5-day average, indicating growing interest. The company has demonstrated strong financial health with a low Debt to EBITDA ratio and consistent positive results over the last five quarters, contributing to its robust long-term growth potential.
In the broader market context, the stock's performance over the past week has outpaced the Sensex, which has only increased by 1.76%. However, the year-to-date return of Amber Enterprises is slightly negative at -0.30%, contrasting with the Sensex's gain of 4.49%. While the company has shown impressive returns over the past year and three years, its current valuation appears expensive, which may be a factor in the recent price decline. The stock's PEG ratio of 1.3 suggests that, despite strong profit growth, the stock may be perceived as overvalued compared to its peers. Overall, while the company has strong fundamentals and institutional backing, the recent price movement reflects market concerns regarding its valuation amidst a backdrop of mixed performance relative to the broader market.