Why is EIH falling/rising?

As of 15-Jul, EIH Ltd. is experiencing a price increase, with its current price at 377.95, reflecting a change of 2.85 or 0.76% upward. The stock has gained after two consecutive days of decline, although it underperformed its sector by 0.92% today. In terms of returns, EIH has shown a 1.64% increase over the past week and a 4.99% increase over the past month, while it has underperformed significantly over the year with a decline of 10.12%. Positive factors contributing to the stock's recent movement include a low debt-to-equity ratio, healthy long-term growth with an operating profit growth rate of 43.75%, and consistent positive results over the last 15 quarters. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, EIH's short-term performance contrasts with the benchmark, as the Sensex has declined by 1.36% over the past week. Despite the stock's recent gains, it has underperformed the market over the last year, where the BSE500 generated a return of 0.37%. The company's valuation appears expensive with a price-to-book value of 5.1, and while profits have increased by 17.9%, the stock's negative return of 10.12% over the past year suggests a disconnect between market performance and the company's financial health.