Why is AMD Industries falling/rising?

As of 07-Jul, AMD Industries Ltd is experiencing a price increase, currently at 55.52, reflecting a change of 0.58 or 1.06% upward. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 13.28%. Additionally, it has outperformed its sector by 2.57% today. Despite a year-to-date decline of 5.90% and a significant drop of 26.81% over the past year, the stock's recent gains can be attributed to a very attractive valuation, with a return on capital employed (ROCE) of 9.1 and a PEG ratio of 0.7. The stock is trading at a discount compared to its peers, and there has been a notable increase in investor participation, with delivery volume rising by 1442.05% against the 5-day average.
In the broader market context, AMD Industries has outperformed the Sensex in the short term, with a 1-week return of 12.03% compared to a slight decline of 0.20% for the benchmark. However, it is important to note that the stock has underperformed over the longer term, with a 1-year return of -26.81% against the Sensex's positive return of 4.31%. This juxtaposition highlights the stock's recent recovery against a backdrop of overall weak long-term performance, including poor growth in net sales and operating profit over the last five years. Despite these challenges, the current upward movement may reflect a market correction or renewed investor interest based on its attractive valuation metrics.