Why is eMudhra falling/rising?

As of 21-Jul, eMudhra Ltd's stock price is currently at 825.45, reflecting an increase of 30.2 points or 3.8%. The stock has shown a positive trend today, outperforming its sector by 4.3% and reversing a two-day decline. It reached an intraday high of Rs 831.7, indicating strong buying interest. Over the past week, the stock has gained 4.79%, while its one-month return stands at 13.25%. Despite a year-to-date decline of 12.18%, the company has demonstrated robust performance with a high management efficiency reflected in a return on equity of 16.41%, low debt-to-equity ratio, and consistent positive results over the last 11 quarters, including significant growth in net sales and profit before tax.
In the broader market context, eMudhra's short-term performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. While eMudhra has outperformed the benchmark in the short term, its year-to-date performance lags behind the Sensex's gain of 5.20%. The stock's liquidity remains adequate for trading, although there has been a notable decrease in delivery volume, which fell by 49.31% against the five-day average. This suggests a potential concern regarding investor participation, despite the stock's recent gains and positive fundamentals.