Why is Benares Hotels falling/rising?

As of 12-Sep, Benares Hotels Ltd is experiencing a price increase, currently at 9,457.00, reflecting a rise of 96.5 points or 1.03%. Today's performance indicates that the stock has outperformed its sector by 0.96%. While the stock is trading higher than its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 66.05% compared to the 5-day average. Despite this, the company has demonstrated strong fundamentals, including a low debt-to-equity ratio of 0.02, consistent positive results over the last 15 quarters, and impressive growth in operating profit and net sales.
In terms of broader market context, Benares Hotels has shown a 1.58% increase over the past week, slightly outperforming the Sensex, which rose by 1.48%. The stock has also delivered significant returns year-to-date, with a 16.59% increase compared to the Sensex's 4.82%. However, the stock's valuation appears expensive, with a price-to-book value of 7.1, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence at current price levels. Despite these concerns, the company's strong historical performance and growth metrics suggest a positive outlook, contributing to the recent rise in stock price.