Why is Howard Hotels falling/rising?

As of 15-Sep, Howard Hotels Ltd is experiencing a rise in its stock price, currently at Rs 26.74, reflecting an increase of Rs 2.09 or 8.48%. Today, the stock opened significantly higher with a gain of 16.84% and reached an intraday high of Rs 29.58, marking a 20% increase. Despite this positive movement, the stock has shown a decline of 2.41% over the past month and 2.66% year-to-date. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 70.07% against the 5-day average, which could suggest a lack of sustained interest despite today's price surge.
In the broader market context, Howard Hotels has outperformed the Sensex by 7.27% today, which reflects a positive short-term return compared to the benchmark's 1.24% increase over the past week. While the stock has shown impressive gains over the long term, with a 256.53% increase over three years, its recent performance has been mixed, with declines over the past month and year. This volatility, combined with the high intraday fluctuations of 6.9%, indicates that while there is short-term momentum, the overall investor sentiment may still be cautious, particularly given the significant drop in delivery volume.