Why is Indian Emuls falling/rising?

As of 12-Sep, Indian Emulsifiers Ltd is experiencing a price increase, with its current price at 191.85, reflecting a rise of 4.05 or 2.16%. The stock has shown strong performance recently, outperforming its sector by 1.28% today. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, as the delivery volume on 11 September fell by 19.44% compared to the 5-day average. The stock's performance over the past week shows a significant increase of 37.23%, while the one-month return is also strong at 35.20%. Despite these gains, the year-to-date return remains negative at -16.11%, and the one-year return is down by 42.43%.
In the broader market context, Indian Emulsifiers Ltd has significantly outperformed the Sensex over the past week and month, where the Sensex only increased by 1.51% and 2.56%, respectively. This indicates that the stock's recent rise is not just a reflection of overall market trends but rather specific factors influencing Indian Emulsifiers Ltd. However, the year-to-date performance shows a stark contrast, as the stock has underperformed the benchmark, which has gained 6.21% during the same period. The liquidity of the stock remains adequate for trading, suggesting that while there are positive movements, the overall investor sentiment may still be cautious given the declining participation.