Why is EIH falling/rising?

As of 17-Jul, EIH Ltd. is experiencing a price increase, currently trading at 383.20, reflecting a rise of 2.3 points or 0.6%. The stock has been gaining for the last three days, with a total return of 2.16% during this period. It has also touched an intraday high of Rs 393.55, indicating strong momentum. EIH is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. However, there is a notable decline in investor participation, with delivery volume falling by 56.65% compared to the 5-day average. Despite this, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 43.75%, and has declared positive results for the last 15 consecutive quarters, which may contribute to investor confidence.
In the broader market context, EIH's short-term performance of +0.68% over the past week contrasts with the Sensex, which has declined by 1.12% during the same period. While the stock has underperformed on a year-to-date basis with a return of -8.11% compared to the Sensex's +5.27%, the recent increase in institutional investor participation, which has risen by 0.53% in the last quarter, indicates growing confidence among more sophisticated investors. This could be a factor supporting the stock's recent upward movement despite its relatively high valuation metrics and historical underperformance.