Why is Emergent Indust. falling/rising?

As of 23-Jul, Emergent Industrial Solutions Ltd is experiencing a price increase, currently at Rs 970.75, reflecting a rise of 19.0 points or 2.0%. The stock has reached a new 52-week and all-time high today, having outperformed its sector by 1.98%. 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. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly by 96.35% against the 5-day average. Despite a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the company has faced negative results recently, including a substantial drop in net sales and a very expensive valuation compared to its peers.
In the broader market context, Emergent Industrial Solutions Ltd has significantly outperformed the Sensex, with a 10.39% return over the past week compared to the benchmark's mere 0.11%. Over the last month, the stock has surged by 54.39%, while the Sensex has only increased by 1.01%. This strong performance indicates that despite the negative financial results reported earlier, the stock is attracting investor interest, likely due to its impressive historical returns and market-beating performance over both the short and long term.