Why is Amco India falling/rising?

As of 26-Jun, Amco India Ltd's stock price is rising, currently at 98.00, reflecting an increase of 8.45 or 9.44%. The stock has shown strong performance, gaining 33.7% over the past week and 42.84% over the last month, significantly outperforming the Sensex, which rose by only 2.94% and 1.92% in the same periods, respectively. Today's trading saw the stock open with a gain of 6.03% and reach an intraday high of Rs 98.9, indicating robust investor interest. The stock is also trading above its moving averages across various time frames, and there has been a notable increase in delivery volume, suggesting rising investor participation. Positive factors contributing to this upward movement include an attractive valuation with a low PEG ratio of 0.2 and strong profit growth of 105% over the past year, despite some concerns regarding long-term fundamental strength.
In the broader market context, Amco India has outperformed the benchmark indices significantly, with a year-to-date return of 13.95% compared to the Sensex's 7.19%. The stock's performance has been bolstered by favorable conditions in the Aluminium & Aluminium Products sector, which has gained 2.69%. However, it is important to note that while the stock has shown impressive short-term gains, there are underlying concerns regarding its long-term growth potential, as indicated by weak sales growth and a low return on capital employed. Despite these challenges, the stock's recent performance and positive investor sentiment suggest a strong current position in the market.