Why is EIH falling/rising?

As of 16-Jul, EIH Ltd. is experiencing a rise in its stock price, currently at 380.90, reflecting an increase of 2.95, or 0.78%. The stock has shown a positive trend, gaining 1.55% over the last two days and outperforming the Sensex in the past week with a return of +1.16% compared to the benchmark's -1.08%. Despite a significant drop in delivery volume by 71.93% against the 5-day average, the stock is trading above its moving averages across various time frames, indicating a bullish sentiment. The company has demonstrated strong fundamentals, with a low debt-to-equity ratio, consistent positive results over the last 15 quarters, and impressive growth in operating profit at an annual rate of 43.75%. Additionally, institutional investors have increased their stake, suggesting growing confidence in the company's prospects.
In the broader market context, while EIH has shown a positive short-term return, it has underperformed on a year-to-date basis with a decline of -8.66%, contrasting with the Sensex's gain of +5.75%. The stock's long-term performance remains robust, with a 3-year return of +191.88%, significantly outperforming the benchmark's +53.71%. However, the stock's valuation appears expensive with a Price to Book Value of 5.2, despite its profits rising by 17.9% over the past year. This discrepancy may lead to caution among investors, as the stock has generated a negative return of -9.29% over the last year, raising concerns about its sustainability in the face of high valuations.