Why is Emerald Finance falling/rising?

As of 16-Jul, Emerald Finance Ltd's stock price is currently at Rs 88.76, reflecting a decrease of Rs 1.81 or 2.0%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.86% during this period. Today, it opened with a loss of 2% and has not traded outside this price range. Despite a strong performance over the past year with an 87.81% return, the stock's year-to-date performance shows a significant decline of 29.50%. The company has reported positive financial results, including a 20.38% growth in net profit and consistent positive results over the last five quarters, but the stock is currently trading at a premium compared to its peers, which may be causing some investor hesitation.
In the broader market context, the stock's short-term performance contrasts with the Sensex, which has seen a decline of 1.08% over the past week while Emerald Finance has gained 2.79% in the same timeframe. However, the stock's recent price drop indicates a lack of investor participation, with delivery volume falling by 71.2% against the five-day average. This decline in trading activity, coupled with the stock's current underperformance relative to its sector, suggests that investors may be cautious despite the company's strong historical returns and positive financial indicators.