Why is Emergent Indust. falling/rising?

As of 14-Jul, Emergent Industrial Solutions Ltd is experiencing a rise in its stock price, currently at Rs 845.30, reflecting an increase of Rs 16.55 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, achieving a remarkable 51.37% return during this period. Additionally, the stock has outperformed its sector by 2.72% today and is trading above all key moving averages, indicating strong momentum. Despite a significant drop in net sales reported in March, the company has shown healthy long-term growth with net sales increasing at an annual rate of 36.88% and operating profit at 54.49%, which may contribute positively to investor sentiment.
In the broader market context, Emergent Industrial Solutions Ltd has significantly outperformed the Sensex, with a 1-week return of +10.35% compared to the benchmark's -1.42%, and a year-to-date return of +129.08% against the Sensex's +5.27%. This strong performance in both the short and long term suggests that investor confidence remains high despite the company's recent negative results. The stock's liquidity and rising investor participation further support its upward movement, indicating a robust demand that contrasts with the broader market trends.