Why is Emerald Tyre falling/rising?

As of 05-June, Emerald Tyre Manufacturers Ltd is experiencing a price increase, currently at 130.95, reflecting a rise of 4.45 or 3.52%. The stock is outperforming its sector by 2.19% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement. However, there is a notable decline in investor participation, with delivery volume dropping by 76.97% compared to the 5-day average. The stock has shown a significant increase of 24.30% over the past month, although it has a year-to-date decline of 27.07%, suggesting volatility in its performance.
In the broader market context, while Emerald Tyre has outperformed the Sensex by a considerable margin in the last month, the stock has underperformed in the year-to-date comparison, where the Sensex has gained 4.68%. This contrast highlights the stock's recent recovery in the short term against a backdrop of longer-term struggles. The overall market sentiment may be influencing investor behavior, as the stock's liquidity remains adequate for trading, but the sharp decline in delivery volume could indicate caution among investors.