Why is Indian Hotels Co falling/rising?

As of 05-Sep, Indian Hotels Co Ltd's stock price is currently at 776.65, reflecting an increase of 2.15, or 0.28%. The stock has shown positive performance today, outperforming its sector by 0.38%. In terms of returns, over the past week, the stock has risen by 2.39%, and over the past month, it has increased by 3.37%. Despite a year-to-date decline of 11.38%, the stock has demonstrated strong long-term growth, with a remarkable 150.49% increase over the past three years. The company has a solid financial standing, evidenced by a low Debt to EBITDA ratio of 1.36 times and consistent positive results for the last 15 quarters, including significant growth in net sales and profit after tax.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which has only increased by 1.13% over the past week. The company's high institutional holdings at 45.7% suggest strong investor confidence, as these investors typically have better resources to analyze company fundamentals. However, the stock's valuation appears expensive with a Price to Book Value of 9.9, and while it has generated a 15.85% return over the past year, its profits have increased by 32.6%, resulting in a PEG ratio of 2. This indicates that while the stock is currently rising, there are concerns regarding its valuation relative to its earnings growth.