Why is Amco India falling/rising?

As of 28-Jul, Amco India Ltd is experiencing a price increase, with its current price at 92.90, reflecting a rise of 0.95 or 1.03%. The stock has outperformed its sector today by 2.08%, and it is trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is below the 20-day moving average. Over the past week, the stock has shown a strong performance with a return of 6.17%, while its year-to-date return stands at 8.02%. Despite a significant drop in delivery volume by 52.95% against the 5-day average, the stock's attractive valuation, indicated by a low PEG ratio of 0.2 and a return on capital employed (ROCE) of 3.2, suggests that it is trading at a discount compared to its peers. Additionally, the stock has generated a remarkable 41.10% return over the past year, significantly outpacing the broader market's negative performance.
In the broader market context, while the BSE500 index has reported a decline of 2.52% over the past year, Amco India Ltd has managed to deliver substantial returns, highlighting its market-beating performance. The stock's recent upward movement can be attributed to its strong fundamentals and attractive valuation metrics, which have drawn investor interest despite a decline in participation. The overall market sentiment appears to be negative, as indicated by the Sensex's 1-month and 1-year returns of -3.77% and -0.54%, respectively. However, Amco India's ability to outperform the market and its sector today suggests a positive outlook for the stock amidst broader market challenges.