Why is Emergent Indust. falling/rising?

As of 07-Jul, Emergent Industrial Solutions Ltd's stock is rising, with a current price of Rs. 766.00, reflecting an increase of Rs. 15.0 or 2.0%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 21 days, resulting in a remarkable 51.41% return over this period. Additionally, the stock is trading above all its moving averages, indicating strong upward momentum. However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 98.99% 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%, contributing positively to the stock's performance.
In the broader market context, Emergent Industrial Solutions Ltd has significantly outperformed the Sensex, which has seen a decline of 0.20% over the past week, while the stock itself has surged by 10.37%. This trend highlights the stock's strong market-beating performance both in the near term and over the long term, with an impressive 672.02% return over the past year compared to the Sensex's 4.31%. The stock's ability to generate substantial returns, despite some recent negative financial results, suggests that investor sentiment remains optimistic, likely driven by its historical performance and growth potential, even as it trades at a premium compared to its peers.