Why is Emergent Indust. falling/rising?

As of 10-Jul, Emergent Industrial Solutions Ltd is experiencing a rise in its stock price, currently at Rs. 812.50, reflecting an increase of 15.9 points or 2.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 1.4%. It has shown remarkable performance over the past 21 days, gaining 51.36%, and has consistently outperformed the benchmark Sensex, with a one-week return of +10.34% compared to the benchmark's slight decline of -0.06%. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 36.88% and operating profit at 54.49%. However, it is important to note that the company reported a significant drop in net sales of -72.94% in its latest results, which could raise concerns among investors.
In the broader market context, Emergent Industrial Solutions Ltd's strong short-term performance contrasts sharply with the Sensex, which has only seen a marginal increase of 0.97% over the past month. The stock's impressive year-to-date return of +120.19% and a staggering +718.89% over the past year further highlight its market-beating performance. Despite the recent negative results and a very expensive valuation compared to its peers, the stock's liquidity and rising investor participation suggest a strong demand, contributing to its upward price movement. Overall, while there are some negative indicators, the stock's recent gains and positive long-term growth prospects appear to be driving its current rise.