Why is Emergent Indust. falling/rising?

As of 08-Jul, Emergent Industrial Solutions Ltd is experiencing a price increase, currently at Rs. 781.00, reflecting a rise of 15.0 points or 1.96%. 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, accumulating a remarkable 51.36% return during this period. Over the past year, the stock has shown extraordinary performance with a return of 687.14%, significantly outperforming the BSE500 index. Despite a recent drop in investor participation, as indicated by a 98.95% decline in delivery volume, the stock continues to trade above its moving averages, suggesting strong momentum. However, it is important to note that the company has reported negative financial results recently, including a drastic fall in net sales and a negative profit after tax.
In the broader market context, Emergent Industrial Solutions Ltd has outperformed the Sensex, which has seen only a 0.02% increase over the past week, while the stock itself has surged by 10.33% in the same timeframe. This stark contrast highlights the stock's strong performance relative to the market. The company's healthy long-term growth, with net sales increasing at an annual rate of 36.88% and operating profit at 54.49%, contributes positively to its valuation. However, the recent negative financial results and high valuation metrics, such as a Price to Book Value of 12.8, may raise concerns among investors, potentially impacting future performance despite the current upward trend.