Why is Asian Hotels (E) falling/rising?

As of 03-Sep, Asian Hotels (East) Ltd is currently priced at 166.90, reflecting an increase of 2.7 or 1.64%. The stock has been on an upward trend, gaining for the last four days with a total return of 10.46% during this period. Despite opening with a loss of 4.99% today, it reached an intraday high of Rs 167.7. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to its recent history. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 392.23% against the 5-day average. While the stock has generated a return of 23.17% over the past year, it is important to note that its profits have decreased by 49.2%, which may raise concerns among investors.
In the broader market context, the stock has outperformed the benchmark, as the BSE500 has recorded negative returns of 4.38% over the past year, while Asian Hotels (E) has managed to achieve a positive return. This performance is notable given the company's healthy long-term growth, with an operating profit growth rate of 54.33% and an attractive valuation compared to its peers. However, the stock's recent gains must be viewed in light of the significant drop in profits, which could impact investor sentiment moving forward. Overall, the stock's current rise can be attributed to its recent performance and investor interest, despite underlying concerns regarding profitability.