Why is Emerald Finance falling/rising?

As of 23-Oct, Emerald Finance Ltd is experiencing a price increase, currently at 88.99, which reflects a rise of 4.49 or 5.31%. The stock has shown strong performance today, outperforming its sector by 5.17% and achieving a consecutive gain over the last two days with a total return of 9.8%. In terms of returns, the stock has increased by 2.51% over the past week and 11.22% over the past month, although it remains down 29.32% year-to-date. Despite the positive short-term movements, there has been a notable decline in investor participation, with delivery volume dropping by 41.96% against the five-day average, which may indicate a potential concern for sustained momentum.
Broader market context shows that while Emerald Finance has outperformed the Sensex in the short term, with a 1-week return of 2.51% compared to the Sensex's 1.30%, it has underperformed on a year-to-date basis, where the Sensex has gained 8.21%. The stock's moving averages indicate that it is currently above the 5-day, 20-day, 50-day, and 100-day averages, but below the 200-day average, suggesting mixed signals regarding its long-term trend. Overall, while the recent price increase is encouraging, the decline in investor participation and the significant year-to-date losses may temper enthusiasm for the stock's future performance.