Why is Emergent Indust. falling/rising?

As of 25-Jun, Emergent Industrial Solutions Ltd is experiencing a price increase, currently at 654.10, reflecting a rise of 12.8 or 2.0%. The stock has shown strong performance, gaining 69.28% over the last 21 days and outperforming its sector by 0.77% today. It opened with a 2% gain and reached an intraday high of Rs 654.1. Over various periods, the stock has significantly outperformed the Sensex, with a remarkable 559.24% return over the past year and a 607.90% return over the last three years. Despite a recent decline in net sales and negative results reported in March, the company maintains a low debt-to-equity ratio and has shown healthy long-term growth in net sales and operating profit, contributing to its recent upward price movement.
In the broader market context, the stock's short-term return of 10.39% over the past week significantly surpasses the Sensex's return of 1.61%, indicating strong relative performance. The stock's liquidity remains adequate, although there has been a noted decline in investor participation, with delivery volume falling by 32.75% against the five-day average. While the company has faced challenges, including a substantial drop in net sales and negative quarterly results, its long-term growth prospects and market-beating performance have helped sustain investor interest and support the rising stock price.