Why is Amber Enterp. falling/rising?

As of 07-Nov, Amber Enterprises India Ltd is experiencing a decline in its stock price, currently at Rs 7,231.80, which reflects a decrease of Rs 602.35 or 7.69%. The stock opened significantly lower today, with an initial loss of 8.67%, and reached an intraday low of Rs 6,737.35, marking a 14% drop. Over the past week, the stock has underperformed, with a decline of 9.93%, while its year-to-date performance shows a slight decrease of 2.20%. Despite a strong long-term growth trajectory, with net sales growing at an annual rate of 29.84% and operating profit at 42.63%, the recent quarterly profit after tax has fallen drastically by 271.1%, contributing to negative sentiment among investors.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only decreased by 0.86% over the past week. This underperformance is compounded by the stock's higher debt-equity ratio of 4.67 times, indicating financial strain, and a low operating profit to interest ratio of 1.19 times, which raises concerns about its profitability. Although institutional holdings are robust at 50.8%, reflecting confidence from larger investors, the stock's expensive valuation and high PEG ratio of 7.5 suggest that it may be overvalued relative to its earnings growth. Overall, these factors contribute to a bearish outlook for Amber Enterprises, leading to its current price decline.