Why is I T D C falling/rising?

As of 23-Sep, India Tourism Development Corporation Ltd's stock price is rising, currently at 624.55, reflecting an increase of 8.95 or 1.45%. Today's performance indicates that the stock has outperformed its sector by 3.09%. While the stock has shown a decline of 2.14% over the past week, it has gained 13.76% in the last month. The company benefits from a low debt-to-equity ratio and impressive long-term growth, with operating profit increasing at an annual rate of 131.54%. However, the recent flat results in June, including a 16.1% drop in PAT and low cash reserves, alongside a high price-to-book value, suggest some valuation concerns that may temper investor enthusiasm.
Broader market context shows that while the stock has underperformed the benchmark Sensex in the short term, it has significantly outperformed it over the longer term, with a 71.89% increase over three years compared to the Sensex's 41.31%. The decline in investor participation, as indicated by a 14.44% drop in delivery volume, may reflect caution among investors despite the stock's recent gains. Additionally, the absence of domestic mutual fund investment could signal a lack of confidence in the stock's current valuation, which may impact its future performance.