Why is Asian Hotels (E) falling/rising?

As of 10-Jul, Asian Hotels (East) Ltd is experiencing a decline in its stock price, currently at Rs 158.15, which reflects a decrease of Rs 6.9 or 4.18%. Today's price summary indicates that the stock has underperformed its sector by 3.97% and has fallen after two consecutive days of gains, reaching an intraday low of Rs 158.15. Despite trading above its moving averages, the stock's recent performance shows a mixed picture; while it has generated a return of 11.45% over the past year, profits have decreased by 31.6%. The stock is also trading at a discount compared to its peers, which may suggest a potential for recovery in the long term, although the current trend is negative.
In the broader market context, the stock's short-term performance over the past week shows a gain of 1.09%, while the benchmark Sensex has remained relatively flat with a change of -0.06%. This indicates that Asian Hotels (East) Ltd has been performing slightly better than the market in the short term, despite its current decline. However, the year-to-date performance reveals a significant underperformance compared to the Sensex, with the stock down 7.89% against the benchmark's gain of 6.46%. This contrast highlights the challenges the company faces, particularly in light of its falling profits, which may be contributing to investor caution despite the healthy long-term growth potential indicated by its operating profit growth rate.