Why is Esprit Stones falling/rising?

As of 11-Jul, Esprit Stones Ltd is experiencing a price increase, with its current price at 107.00, reflecting a change of 0.8 or 0.75% upward. The stock has outperformed its sector today by 2.27%, although it is currently higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume falling by 34.78% against the 5-day average. The stock has shown a mixed performance over the past week, gaining 1.90%, but it has declined by 5.31% over the past month and 14.98% year-to-date, indicating a challenging longer-term trend.
In the broader market context, while Esprit Stones has outperformed the Sensex by 1.90% over the past week, the benchmark itself has seen a decline of 1.22%. This suggests that while the stock is currently on an upward trajectory, it is still facing headwinds in the context of the overall market performance. The Sensex has gained 6.37% year-to-date, contrasting sharply with Esprit Stones' significant decline, which may reflect broader market conditions impacting investor sentiment and stock performance.