Why is Emk.Global Fin. falling/rising?

As of 18-Sep, Emkay Global Financial Services Ltd is experiencing a significant rise in its stock price, currently at 259.80, reflecting an increase of 23.85 or 10.11%. The stock opened with a notable gain of 8.46% today and reached an intraday high of Rs 260, indicating strong positive momentum. Over the past week, the stock has outperformed the sector by 9.78%, and its returns over the last year show an impressive increase of 28.58%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 61.14% against the 5-day average, which could indicate a potential concern for sustained upward movement.
In the broader market context, Emkay Global's short-term performance has significantly outpaced the benchmark Sensex, which only increased by 1.80% over the same week. This stark contrast highlights the stock's strong recovery and investor interest despite its year-to-date decline of 17.58% compared to the Sensex's gain of 6.24%. The stock is currently trading above all its moving averages, suggesting a bullish trend, but the drop in delivery volume may warrant caution among investors regarding future price stability.