Why is Emkay Taps & Cut falling/rising?

As of 05-September, Emkay Taps & Cutting Tools Ltd is currently priced at 164.65, reflecting an increase of 1.7, or 1.04%. Despite this uptick, the stock has shown a significant decline over the past week, down 3.03%, and a staggering 64.21% year-to-date. It is currently trading 2.19% away from its 52-week low of Rs 161.05. The stock's performance today has outperformed its sector by 1.1%, although it is trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 37.5% against the 5-day average, suggesting some renewed interest despite the overall negative performance.
In the broader market context, the Sensex has gained 1.29% over the past week, contrasting sharply with Emkay's decline. While the stock has underperformed significantly over the past month and year, the recent rise in price could be attributed to increased trading activity, which may indicate a potential reversal or correction. However, the stark difference in performance compared to the benchmark highlights the challenges the company faces in regaining investor confidence amidst its long-term downtrend. Overall, while there are signs of short-term recovery, the stock's long-term trajectory remains concerning.