Why is Amber Enterp. falling/rising?

As of 18-Sep, Amber Enterprises India Ltd is experiencing a decline in its stock price, currently at Rs 8,258.60, which reflects a decrease of Rs 35.1 or 0.42%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 4.79% and 11.02%, respectively. The stock is also close to its 52-week high, just 1.58% away from Rs 8,389.45. However, today's performance indicates a reversal after seven consecutive days of gains, and it has underperformed its sector by 1.44%. The stock remains above its moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 96.58% against the five-day average.
In the broader market context, Amber Enterprises has outperformed the Sensex over various periods, including a year-to-date return of 11.69% compared to the Sensex's 6.24%. This indicates a strong relative performance, although the recent decline suggests a temporary pullback. The company benefits from a low Debt to EBITDA ratio and consistent growth in net sales and operating profit, which supports its valuation despite concerns about its high PEG ratio and expensive valuation metrics. The high institutional holdings further bolster confidence in the stock's fundamentals, yet the recent price movement may reflect profit-taking or market corrections following its substantial gains over the past year.