Why is Emmessar Biotech falling/rising?

As of 17-Sep, Emmessar Biotech & Nutrition Ltd is experiencing a significant rise in its stock price, currently at Rs 38.88, reflecting an increase of 6.48 or 20.0%. The stock has shown strong performance today, outperforming its sector by 19.01% and has been on a consecutive gain streak for the last three days, accumulating a remarkable 47.22% return during this period. Additionally, it opened with a substantial gain of 20% today and reached an intraday high of Rs 38.88. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 1500.92% compared to the 5-day average, suggesting heightened interest and confidence in the stock.
In the broader market context, Emmessar Biotech's short-term performance over the past week has been exceptional, with a return of +41.38%, significantly outpacing the Sensex, which only increased by +1.56% during the same period. While the stock has faced challenges year-to-date, showing a decline of -16.03%, its recent gains indicate a potential turnaround in investor sentiment. The stock's liquidity is also favorable, as it is liquid enough for trading, which may further support its upward momentum. Overall, the combination of strong recent performance, increased investor interest, and favorable trading conditions contributes to the stock's rising price.