Why is Asian Hotels (E) falling/rising?

As of 07-Jul, Asian Hotels (East) Ltd is currently priced at 155.30, reflecting a decrease of 4.1, or 2.57%. The stock has underperformed its sector today by 1.76%, opening with a loss of 2.29% and reaching an intraday low of Rs 154.05, which is a decline of 3.36%. Despite a positive trend over the past week and month, with returns of 3.88% and 10.81% respectively, the stock has seen a year-to-date decline of 9.55%. Additionally, while the stock is trading above its moving averages, there has been a notable drop in investor participation, with delivery volume falling by 41.09% compared to the 5-day average. Although the company has shown healthy long-term growth with an annual operating profit increase of 88.45%, its profits have decreased by 31.6% over the past year, contributing to the current downward price movement.
In the broader market context, the Sensex has shown a slight decline of 0.20% over the past week, while Asian Hotels (E) has outperformed this benchmark during the same period. However, the stock's year-to-date performance is significantly lagging behind the Sensex, which has gained 6.79% so far this year. This disparity highlights the challenges faced by Asian Hotels (E) despite its attractive valuation and majority ownership by promoters. The combination of falling profits and reduced investor participation may be causing concern among investors, leading to the stock's current decline.