Why is Indian Hotels Co falling/rising?

As of 20-Aug, Indian Hotels Co Ltd is experiencing a price increase, currently at 807.75, which reflects a rise of 32.25 or 4.16%. The stock has shown strong performance today, outperforming its sector by 0.49% and achieving a consecutive gain over the last seven days with a total return of 9.97% during this period. Additionally, the stock has touched an intraday high of Rs 811.7 and is trading above all its moving averages. The company has demonstrated a strong ability to service debt, a healthy long-term growth rate in operating profit, and has consistently declared positive results for the last 15 quarters, contributing to its recent upward movement.
In the broader market context, Indian Hotels Co Ltd has outperformed the Sensex in the short term, with a 1-week return of 4.94% compared to the benchmark's 1.64%. The hotel, resort, and restaurant sector has also gained by 3.78%, indicating a favorable environment for the company. Furthermore, the stock's high institutional holdings at 45.7% suggest strong investor confidence, which is bolstered by consistent returns over the past three years. However, it is worth noting that despite its recent gains, the stock is considered to have a very expensive valuation relative to its return on equity and price-to-book value, which could pose a risk to future performance.