Why is Espire Hospi falling/rising?

As of 26-Jun, Espire Hospitality Ltd's stock is currently priced at Rs 578.20, reflecting a decline of Rs 11.8 or 2.0%. Today's price summary indicates that the stock opened lower by 2% and has since traded flat at this price, marking a reversal after eight consecutive days of gains. Despite this drop, the stock has shown impressive performance over the past year, with a return of 464.10%, significantly outperforming the BSE 500 index. The company has reported strong financial results, including a 60.93% growth in net profit and an 84.7% increase in net sales, which has contributed to positive sentiment among institutional investors, who have increased their stake by 2.08%.
In the broader market context, while Espire Hospitality's stock has experienced a short-term decline, it has outperformed the Sensex with a weekly return of 12.81% compared to the benchmark's 2.94%. This indicates that, despite the recent price drop, the stock's overall performance remains strong relative to the market. However, the falling investor participation, as evidenced by a 63.22% decrease in delivery volume, may be contributing to the current price decline, suggesting a potential shift in market sentiment.