Why is EIH falling/rising?

As of 23-Jul, EIH Ltd. is experiencing a price increase, currently at 383.05, which reflects a rise of 2.2 or 0.58%. The stock has outperformed its sector today by 0.49%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, EIH has shown a return of +0.56%, which is significantly higher than the Sensex's +0.11%. However, there is a noted decline in investor participation, with delivery volume falling by 54.04% compared to the 5-day average. Despite this, the company has demonstrated strong fundamentals, including a low debt-to-equity ratio, consistent positive results over the last 15 quarters, and significant growth in operating profit at an annual rate of 43.75%. Additionally, institutional investors have increased their stake, indicating confidence in the company's long-term prospects.
In the broader market context, EIH's short-term performance of +0.56% over the past week is notably better than the Sensex's +0.11%, suggesting that the stock is gaining traction relative to the overall market. The company's healthy financial indicators, such as a high inventory turnover ratio and substantial cash reserves, further support its positive outlook. The increase in institutional investment also reflects a growing confidence among more sophisticated investors, which could contribute to the stock's upward movement. However, the decline in delivery volume may raise concerns about the sustainability of this price increase in the near term.