Why is Emergent Indust. falling/rising?

As of 16-Jul, Emergent Industrial Solutions Ltd is experiencing a price increase, currently at 879.40, reflecting a rise of 17.2 or 1.99%. The stock has reached a new 52-week and all-time high today, having outperformed its sector by 1.86%. It has shown a remarkable performance over the past 21 days, gaining 51.37%, and has consistently traded above its moving averages across various time frames. Despite this positive momentum, there are concerns regarding falling investor participation, as evidenced by a significant drop in delivery volume. Additionally, the company has reported a low Debt to Equity ratio and strong long-term growth in net sales and operating profit, which supports its recent price movement.
In the broader market context, Emergent Industrial Solutions Ltd has significantly outperformed the Sensex, with a 1-week return of +10.39% compared to the benchmark's -1.08%. Over the past year, the stock has generated an impressive return of 768.97%, while the Sensex has only increased by 2.38%. However, the company has faced challenges, including a substantial decline in net sales and negative results reported in March, which could impact investor sentiment moving forward. Despite these negative factors, the stock's strong performance relative to the market and its healthy growth metrics have contributed to its rising price.