Why is Emkay Taps & Cut falling/rising?

As of 19-Sep, Emkay Taps & Cutting Tools Ltd is experiencing a price increase, currently at 156.00, which reflects a rise of 7.3 or 4.91%. Despite this positive movement today, the stock has shown a significant decline over the past week, down 2.01%, and a staggering 66.09% year-to-date. Today's performance indicates that the stock has outperformed its sector by 4.97%, although it is trading higher than its 5-day moving average but lower than its longer-term moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 55.22% compared to the 5-day average, which may suggest a lack of sustained interest despite the current price increase.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.85% over the past week, Emkay Taps & Cutting Tools Ltd's short-term performance is underwhelming, indicating that while the stock has risen today, it is still lagging behind the broader market trends. The stock's year-to-date performance is particularly concerning, with a decline of 66.09% compared to the Sensex's gain of 7.11%. This stark contrast highlights the challenges the company faces in regaining investor confidence and aligning with market performance, despite today's uptick in price.