Why is Emergent Indust. falling/rising?

As of 18-Jul, Emergent Industrial Solutions Ltd is experiencing a price increase, currently at Rs 914.85, which reflects a rise of 17.9 points 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 51.36% return during this period. Additionally, the stock has outperformed its sector by 2.53% today and is trading above all significant moving averages. However, it is important to note that there has been a significant decline in investor participation, with delivery volume dropping by 98.54% against the 5-day average. The company has a low debt-to-equity ratio and has shown healthy long-term growth, with net sales increasing at an annual rate of 36.88% and operating profit at 54.49%. Despite these positives, the company reported a drastic fall in net sales of 72.94% and negative results in March 2025 after five consecutive quarters of losses, which could impact investor sentiment.
In the broader market context, Emergent Industrial Solutions Ltd has significantly outperformed the benchmark, with a 1-week return of 10.39% compared to the Sensex's decline of 0.90%. Over the past month, the stock has surged by 54.39%, while the Sensex has only increased by 0.38%. Year-to-date, the stock's performance is outstanding at 147.93%, far exceeding the Sensex's 4.63% gain. This strong performance highlights the stock's resilience and appeal to investors, despite the recent negative financial results. The stock's high valuation, reflected in its price-to-book value of 15.1, suggests that it is trading at a premium compared to its peers, which may raise concerns among some investors.