Why is EMS falling/rising?

As of 02-Sep, EMS Ltd's stock price is currently at Rs 536.00, reflecting an increase of Rs 2.95, or 0.55%. The stock has shown a slight upward movement today, outperforming its sector by 0.36% and has gained for three consecutive days, accumulating a total return of 0.75% during this period. However, despite this recent uptick, the stock is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, EMS has experienced a decline of 2.10%, and its performance over the last month has been particularly poor, with a drop of 11.54%. Additionally, the stock is close to its 52-week low, being only 1.31% away from Rs 529. The company's low debt-to-equity ratio and healthy long-term growth in net sales, which has increased at an annual rate of 40.80%, are positive factors; however, the minimal stake held by domestic mutual funds and the stock's underperformance over the past year and three years raise concerns about investor confidence.
In the broader market context, EMS Ltd's recent performance contrasts with the Sensex, which has seen a slight decline of 0.78% over the past week and a marginal drop of 0.55% over the last month. While EMS has outperformed the sector today, its significant year-to-date decline of 36.94% starkly contrasts with the Sensex's positive return of 2.58% during the same period. This underperformance, coupled with falling investor participation and a notable decrease in delivery volume, suggests that while there may be short-term gains, the long-term outlook remains challenging for EMS Ltd in comparison to the broader market.