Why is Emami Realty Ltd falling/rising?

As of 24-Jul, Emami Realty Ltd's stock price is currently at Rs 122.90, reflecting an increase of Rs 2.95 or 2.46%. The stock has shown a strong performance today, outperforming its sector by 3.64% and reaching an intraday high of Rs 123. However, it also experienced a low of Rs 115.15 during the day. Over the past week, the stock has gained 9.93%, significantly outperforming the Sensex, which saw a slight decline of 0.09%. Despite a notable 24.02% increase in the past year, the company faces challenges with a negative book value and poor long-term growth metrics, including a significant decline in net sales and operating profit over the last five years.
In the broader market context, Emami Realty Ltd's recent performance contrasts with the benchmark, as it has outperformed the Sensex in the short term. While the stock has shown resilience in the face of broader market trends, which have seen the Sensex rise by 5.18% year-to-date, the company's high debt levels and negative EBITDA present risks that could impact future performance. Additionally, the falling investor participation, indicated by a 60.76% drop in delivery volume, raises concerns about the stock's liquidity and investor confidence, despite its recent price increase.