Why is Emerald Tyre falling/rising?

As of 04-Aug, Emerald Tyre Manufacturers Ltd is experiencing a decline in its stock price, currently at Rs 143.10, which reflects a decrease of Rs 3.25 or 2.22%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of +15.26% and +19.25%, respectively. However, it has underperformed the sector today by 1.93%. The stock touched an intraday low of Rs 143.1, and while it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the recent price movement indicates a negative trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 218.4% against the 5-day average, suggesting heightened interest despite the current decline.
In the broader market context, while Emerald Tyre's short-term performance has been strong, it has not translated into a positive year-to-date return, which stands at -20.30%, contrasting sharply with the Sensex's gain of +4.56% over the same period. This indicates that while the stock has had recent momentum, it has struggled to maintain a positive trajectory in the longer term. The overall market sentiment appears to be more favorable compared to Emerald Tyre, as evidenced by the Sensex's slight increase of 0.17% over the past week, highlighting the challenges faced by the company in aligning its performance with broader market trends.