Why is Amco India falling/rising?

As of 02-Jul, Amco India Ltd's stock price is rising, currently at 102.00, reflecting an increase of 1.65 (1.64%). The stock has shown a strong performance today, having gained 4.09% at the open and reaching an intraday high of Rs 104.45. Over the past week, Amco India has outperformed the sector by 0.97% and has generated a remarkable return of 72.15% over the last year, significantly higher than the market's average return of 3.11%. Despite a recent trend reversal after two days of decline, the stock is trading above all key moving averages, indicating a positive momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 34.28% compared to the five-day average.
In the broader market context, Amco India's short-term return of 13.90% over the past week contrasts sharply with the Sensex's modest gain of 0.79%. This performance highlights the stock's strong market position, driven by attractive valuations and a significant increase in profits over the past year. Despite these positive factors, concerns remain regarding the company's long-term fundamental strength, as indicated by a relatively low average Return on Capital Employed (ROCE) of 3.81% and weak growth in net sales. These factors suggest that while the stock is currently rising, there are underlying challenges that could impact its future performance.