Why is Emerald Finance falling/rising?

As of 13-Oct, Emerald Finance Ltd's stock price is currently at Rs 88.39, reflecting an increase of Rs 8.03 or 9.99%. The stock has shown strong performance today, outperforming its sector by 9.06% and achieving a consecutive gain over the last two days with a total return of 12%. It reached an intraday high of Rs 88.39, although it also experienced a low of Rs 77.03, indicating high volatility with an intraday fluctuation of 6.87%. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 22.87% compared to the five-day average. The stock's performance over the past week and month has been robust, with returns of 15.68% and 12.13%, respectively, although it has struggled year-to-date with a decline of 29.79%.
In the broader market context, the Sensex has only increased by 0.66% over the past week and 0.52% over the past month, indicating that Emerald Finance's short-term returns significantly outpace the benchmark. This suggests that the stock's recent rise is not solely due to overall market trends but may be driven by company-specific factors. The stock's long-term performance is also noteworthy, with a remarkable increase of 210.14% over the past three years and 600.40% over the past five years, further highlighting its potential despite recent volatility and declining year-to-date performance.