Why is Emerald Leisures falling/rising?

As of 13-Jun, Emerald Leisures Ltd is experiencing a price increase, currently at 210.00, reflecting a rise of 4.05 or 1.97%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 6.06% over the past week. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 55.14% against the 5-day average, which may suggest a potential concern regarding sustained buying interest.
In the broader market context, Emerald Leisures has significantly outperformed the Sensex, which has declined by 1.30% over the past week while the stock has risen by 6.06%. This performance highlights the stock's strength relative to the benchmark. Despite a year-to-date decline of 8.54% compared to the Sensex's gain of 3.81%, the stock's impressive returns over longer periods, such as 191.67% over three years and 381.38% over five years, indicate a strong historical performance that may be contributing to its current rise.