Why is Emerald Finance falling/rising?

As of 17-Oct, Emerald Finance Ltd's stock price is currently at Rs 81.64, reflecting a decline of Rs 5.17 or 5.96%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.59% during this period. Today, it opened with a loss of 3.11% and reached an intraday low of Rs 78.13, marking a 10% drop. The stock has also shown high volatility, with an intraday volatility of 5.07%. In terms of longer-term performance, the stock has underperformed the benchmark Sensex over the past month and year-to-date, with a year-to-date decline of 35.15% compared to the Sensex's gain of 7.44%. There is a notable increase in investor participation, as evidenced by a 138.2% rise in delivery volume on October 16, which may indicate some interest despite the recent price declines.
Broader Market Context: In the short term, Emerald Finance's performance has lagged behind the Sensex, which has gained 1.76% over the past week while the stock itself has increased by only 1.59%. This underperformance is further emphasized by the stock's negative returns over the past month and year-to-date compared to the benchmark. The broader market context suggests that while the overall market is experiencing gains, Emerald Finance is struggling, which could be attributed to its recent price movements and high volatility, indicating investor uncertainty.