Why is Emergent Indust. falling/rising?

As of 09-Jul, Emergent Industrial Solutions Ltd is experiencing a rise in its stock price, currently at Rs 796.60, reflecting an increase of 15.6 or 2.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 2.37%. It has shown remarkable performance over the past 21 days, gaining 51.36%, and has consistently traded above its moving averages across various time frames. Despite a significant rise in stock price and returns of 702.86% over the past year, the company has reported a drastic decline in net sales of -72.94% and negative results in recent quarters, which raises concerns about its financial health.
In the broader market context, Emergent Industrial Solutions Ltd has significantly outperformed the Sensex, with a 1-week return of +10.34% compared to the benchmark's +0.15%, and a year-to-date return of +115.88% versus the Sensex's +6.91%. This strong performance indicates that the stock is attracting investor interest despite the underlying negative financial results. However, the recent drop in delivery volume by -19.91% against the 5-day average suggests a potential decrease in investor participation, which could impact future price movements. Overall, while the stock is currently rising, the mixed signals from its financial performance and investor engagement warrant close monitoring.