Why is Emergent Indust. falling/rising?

As of 17-Jul, Emergent Industrial Solutions Ltd is experiencing a price increase, currently at Rs 896.95, reflecting a rise of 17.55 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, accumulating a remarkable 51.37% return during this period. Additionally, the stock has outperformed its sector by 1.83% today and is trading above all key moving averages, indicating strong momentum. However, there are concerns regarding falling investor participation, as delivery volume has decreased significantly by 86.98% against the 5-day average. Despite this, 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 supports the stock's upward 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 -1.12%. Over the past year, the stock has generated an impressive return of 786.31%, while the Sensex has only increased by 1.91%. This strong performance highlights the company's market-beating capabilities in both the near and long term. However, it is important to note that the company has faced challenges, including a substantial decline in net sales of -72.94% and negative results reported in March 2025 after five consecutive quarters of losses. Despite these negative factors, the stock's current upward trend appears to be driven by its recent performance and growth potential, overshadowing the concerns about its financial results.