Why is Chalet Hotels falling/rising?

As of 06-Aug, Chalet Hotels Ltd is currently priced at 870.90, reflecting a decrease of 3.0 points or 0.34%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days with a total decline of 2.82%. Despite opening with a gain of 2.64% today and reaching an intraday high of Rs 896.95, it also touched a low of Rs 851.55, indicating volatility. Over the past week, the stock has underperformed with a return of -2.59%, while it has shown a decline of 11.30% year-to-date. However, it has demonstrated strong long-term growth, with a 40.98% annual increase in operating profit and a significant rise in net sales of 71.38%, contributing to positive results over the last three quarters.
In the broader market context, the Sensex has declined by 1.15% over the past week, suggesting that the stock's short-term performance is worse than the benchmark. While Chalet Hotels has outperformed the sector by 0.53% today, the overall year-to-date performance remains concerning compared to the Sensex, which has gained 3.08% in the same period. The stock's liquidity is adequate for trading, and there has been a notable increase in investor participation, with delivery volume rising by 32.73% against the five-day average. Despite the recent price drop, the company’s consistent returns over the last three years and strong operational metrics indicate a potential for recovery in the long term.