Why is Emerald Finance falling/rising?

As of 18-Jul, Emerald Finance Ltd's stock price is currently at 88.72, reflecting an increase of 1.73 or 1.99%. Today, the stock has outperformed its sector by 2.28% and has shown a trend reversal after four consecutive days of decline. Despite this positive movement, the stock has experienced a significant drop of 5.91% over the past week, although it has gained 4.82% in the last month. The company reported very positive results with a 20.38% growth in net profit and has consistently declared positive results for the last five quarters. However, the stock is trading at a premium compared to its peers, and while it has generated a return of 70.98% over the past year, its long-term fundamental strength is considered weak due to an average return on equity of 8.64%.
In the broader market context, the Sensex has decreased by 0.90% over the past week, indicating that while Emerald Finance's short-term performance has been relatively strong, it is still underperforming in the long-term compared to the benchmark, as evidenced by its year-to-date decline of 29.53% against the Sensex's gain of 4.63%. The falling investor participation, with a 37.77% drop in delivery volume, suggests a lack of confidence among investors, which may be contributing to the stock's volatility. Overall, while the recent positive earnings report and consistent returns over the last three years provide some support for the stock, the concerns regarding its long-term fundamentals and declining trading activity may be influencing its price movements.