Why is AMJ Land Holdin. falling/rising?

As of 04-Jul, AMJ Land Holdings Ltd is experiencing a price increase, currently at Rs 64.70, which reflects a rise of Rs 2.7 or 4.35%. Today's price summary indicates that the stock has gained after three consecutive days of decline, reaching an intraday high of Rs 66.59, which is a 7.4% increase. Despite underperforming its sector by 1.57% today, the stock is trading above its moving averages across various time frames, indicating a positive trend. The company has shown strong financial performance, with net sales growing at an annual rate of 35.31% and a remarkable net profit increase of 379.3%, contributing to a healthy outlook for the stock.
In the broader market context, AMJ Land Holdings Ltd has outperformed the benchmark Sensex in the longer term, with a 33.73% return over the past year compared to the Sensex's 4.23%. However, in the short term, the stock's performance over the past week shows a modest gain of 0.23% against the Sensex's decline of 0.74%. This suggests that while the stock is currently rising, it is doing so in a market environment that has not been particularly favorable, highlighting its relative strength and investor confidence in the company's fundamentals amidst broader market challenges.