Why is Amco India falling/rising?

As of 27-Jun, Amco India Ltd's stock price is rising, currently at Rs 101.50, reflecting an increase of Rs 3.5 or 3.57%. The stock has shown strong performance, gaining 38.47% over the last six days and outperforming its sector by 3.03% today. It has also achieved significant returns over various periods, including a 72.77% increase over the past year, which is substantially higher than the market's average return of 4.10%. The stock is trading above its moving averages and has experienced a notable rise in investor participation, with delivery volume increasing by 195.73% against the five-day average. Additionally, the company's attractive valuation, indicated by a low PEG ratio of 0.2 and a discount compared to peers, supports its recent price movement.
In the broader market context, Amco India's short-term return of 28.66% over the past week significantly outpaces the Sensex's return of 2.00%, highlighting its strong performance relative to the market. Despite the positive momentum, there are concerns regarding the company's long-term fundamental strength, as indicated by a weak average Return on Capital Employed (ROCE) of 3.81% and slow growth in net sales and operating profit over the last five years. These factors could pose risks to sustained growth, but the current market sentiment remains bullish, driven by recent performance and investor interest.