Why is Emergent Indust. falling/rising?

As of 21-Jul, Emergent Industrial Solutions Ltd's stock price is rising, currently at 933.10, reflecting an increase of 18.25 or 1.99%. 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, resulting in a significant return of 51.37% over this period. Additionally, the stock is trading above all key moving averages, indicating strong momentum. Despite a recent fall in net sales and negative results declared in March, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 36.88% and operating profit at 54.49%. The low debt-to-equity ratio and majority ownership by promoters further contribute to a positive outlook, although the stock is trading at a premium compared to its peers.
In the broader market context, Emergent Industrial Solutions Ltd has significantly outperformed the Sensex, with a year-to-date return of 152.87% compared to the benchmark's 5.20%. Over the past week, the stock has gained 10.39%, while the Sensex has remained nearly flat with a change of -0.06%. This strong performance relative to the benchmark highlights the stock's resilience and attractiveness to investors, particularly in light of rising investor participation and liquidity. Overall, the combination of recent price movements, strong historical returns, and positive growth indicators supports the stock's upward trajectory despite some underlying negative financial results.