Why is Amber Enterp. falling/rising?

As of 24-Sep, Amber Enterprises India Ltd is experiencing a price increase, currently at Rs. 8,422.00, reflecting a rise of 124.15 or 1.5%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 1.67%. Over the past week, Amber has shown a return of +1.55%, significantly outperforming the Sensex, which has declined by 1.18%. The company has demonstrated strong financial performance, with a low Debt to EBITDA ratio of 1.29 times and impressive growth in net sales and operating profit. Additionally, it has consistently delivered positive results over the last five quarters, contributing to its robust performance.
In the broader market context, Amber's short-term return of +1.55% over the past week contrasts sharply with the Sensex's decline of -1.18%. This suggests that Amber is gaining traction even as the overall market faces challenges. The stock's liquidity remains adequate, with a delivery volume that, despite a slight decline, still supports trading activity. High institutional holdings at 46.41% indicate strong investor confidence, as these investors typically have the resources to analyze the company's fundamentals effectively. However, the stock's valuation remains a concern, as it trades at a premium compared to its peers, which could pose risks if market conditions shift.