Why is Emergent Indust. falling/rising?

As of 26-Jun, Emergent Industrial Solutions Ltd is experiencing a price increase, currently at Rs 667.15, reflecting a rise of 13.05 or 2.0%. The stock has shown impressive performance, gaining 64.73% over the last 21 days and outperforming its sector by 2.09% today. It is also close to its 52-week high, being only 4.28% away from Rs 695.7. The stock has consistently traded above its moving averages across various time frames, indicating strong upward momentum. However, it is important to note that there has been a significant decline in investor participation, with delivery volume dropping by 97.41% against the 5-day average. Despite this, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 36.88% and operating profit at 54.49%.
In the broader market context, Emergent Industrial Solutions Ltd has outperformed the Sensex, with a 1-week return of 10.38% compared to the benchmark's 2.94%. The stock's year-to-date return stands at 80.80%, significantly higher than the Sensex's 7.19%. While the stock has shown remarkable gains over the past year, it faces challenges due to a recent decline in net sales and negative quarterly results. The company's low debt-to-equity ratio and majority ownership by promoters provide some stability, but the expensive valuation relative to peers and the negative trends in profitability could pose risks moving forward.