Why is Amco India falling/rising?

As of 24-Jun, Amco India Ltd's stock price is currently at Rs 82.55, reflecting an increase of Rs 3.2 or 4.03%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 12.62% during this period. It has outperformed its sector by 2.9% today and has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 68.55% compared to the 5-day average. The stock's strong performance over the past year, with a return of 39.42%, is supported by a significant profit increase of 105%, although it is trading at a discount relative to its peers.
In the broader market context, Amco India's recent short-term performance has significantly outpaced the benchmark, with a 1-week return of 6.30% compared to the Sensex's 0.58%. While the stock has shown impressive gains in the short term, it has underperformed year-to-date with a decline of 4.01% against the Sensex's increase of 5.01%. The company's weak long-term fundamentals, indicated by a low average Return on Capital Employed (ROCE) of 3.81% and sluggish growth in net sales and operating profit over the last five years, could pose risks to sustained performance. Despite these challenges, the stock's attractive valuation and strong recent returns suggest a complex interplay of factors influencing its current rise.