Why is Chalet Hotels falling/rising?

As of 28-Aug, Chalet Hotels Ltd is currently priced at 1,017.70, reflecting an increase of 16.0 (1.6%). The stock has shown strong performance today, outperforming its sector by 2.13%, and it reached an intraday high of Rs 1,034.65, which is a 3.29% increase. Over the past month, the stock has gained 13.39%, significantly outperforming the Sensex, which declined by 1.00%. Additionally, the company has demonstrated robust financial health, with net sales growing by 71.38% and a remarkable annual operating profit growth rate of 40.98%. Positive results over the last three quarters and a return on capital employed (ROCE) of 10.50% further support the stock's upward movement.
In the broader market context, while Chalet Hotels has shown a positive return of 3.66% year-to-date, the Sensex has only increased by 2.48%, indicating that the stock is performing better than the overall market. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 48.72% against the 5-day average. Despite this, the stock remains liquid enough for trading, which may help sustain its current price levels. Overall, the combination of strong financial results and consistent returns over the past three years contributes to the stock's rising price, even as broader market conditions present some challenges.