Why is Emerald Leisures falling/rising?

As of 08-Oct, Emerald Leisures Ltd is experiencing a price increase, currently at Rs 223.50, reflecting a rise of 7.45 or 3.45%. The stock has shown positive momentum, gaining for the last two days with a total return of 5.42% during this period. It opened with a gain of 3.22% today and reached an intraday high of Rs 223.50. Additionally, the stock has outperformed its sector by 4.4%. Despite a negative return of -1.54% over the past week and -1.97% over the past month, it has demonstrated significant long-term growth, with a 70.61% increase over the past year and a remarkable 373.02% rise over the last five years. The recent increase in delivery volume by 61.31% against the five-day average indicates rising investor participation, which may be contributing to the stock's upward movement.
In the broader market context, while Emerald Leisures has faced short-term challenges, the benchmark Sensex has shown a positive return of +0.98% over the past week and +1.22% over the past month. This suggests that while the stock has struggled recently compared to the benchmark, its long-term performance significantly outpaces the market, particularly over three and five years. The stock's current upward trend, despite its recent underperformance relative to the benchmark, indicates a potential recovery phase, supported by increased trading activity and investor interest.