Why is I T D C falling/rising?

As of 01-Sep, India Tourism Development Corporation Ltd's stock price is rising, currently at 546.00, reflecting an increase of 22.05 (4.21%). Today's performance indicates a trend reversal, as the stock has gained after six consecutive days of decline. It outperformed its sector by 4.13% and reached an intraday high of Rs 546. Despite a negative return of -4.64% over the past month and -25.65% over the past year, the stock has shown resilience with a 37.44% increase over three years. The company's low debt-to-equity ratio and healthy long-term growth, with an operating profit growth rate of 131.54%, contribute positively to its recent price movement. However, the stock's valuation appears expensive with a Price to Book Value of 12.9, and it has faced challenges such as a -16.1% decline in PAT for the latest quarter.
Broader Market Context: In the short term, the stock has outperformed the Sensex, which has declined by 1.56% over the past week, while ITDC has gained 0.76%. This indicates a relative strength compared to the broader market. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over various periods, including the last three years and one year. The lack of domestic mutual fund investment, holding only 0% of the company, may reflect a lack of confidence in its current valuation or business prospects, further complicating its market position.