Why is Amber Enterp. falling/rising?

As of 19-Sep, Amber Enterprises India Ltd is experiencing a price increase, currently at ₹8,286.80, reflecting a rise of ₹28.2 or 0.34%. The stock has shown strong performance, with a 1-week return of 4.70% and a 1-month return of 12.41%, significantly outperforming the Sensex, which returned 0.88% and 1.20% respectively over the same periods. The stock is also close to its 52-week high, just 1.24% away, and is trading above all key moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 70.53% compared to the 5-day average. The company’s strong fundamentals, including a low Debt to EBITDA ratio and consistent positive results over the last five quarters, contribute to its upward momentum.
In the broader market context, Amber Enterprises has outperformed the benchmark indices significantly, with a year-to-date return of 12.07% compared to the Sensex's 5.74%. This strong performance is supported by high institutional holdings at 46.41%, indicating confidence from larger investors who can analyze the company's fundamentals effectively. Despite some concerns regarding its valuation, with a high PEG ratio of 1.4, the stock's consistent returns over the past three years and its substantial market capitalization position it favorably within the sector. Overall, the combination of robust financial performance and positive investor sentiment is driving the stock's rise.