Why is Indian Hotels Co falling/rising?

As of 17-Sep, Indian Hotels Co Ltd is currently priced at 780.25, reflecting an increase of 1.65 or 0.21%. The stock's performance today is in line with its sector, and it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, there has been a rise in investor participation, with delivery volume increasing by 13.88% compared to the 5-day average. The company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 1.36 times, consistent positive results over the last 15 quarters, and significant growth in operating profit at an annual rate of 80.12%. Despite a year-to-date decline of 10.97%, the stock has generated a return of 12.79% over the past year, outperforming the BSE500 in each of the last three annual periods.
In the broader market context, the stock's short-term return of +0.58% over the past week is notably lower than the Sensex's gain of +1.56% during the same period. While the stock has shown resilience with a substantial long-term growth trajectory and high institutional holdings at 45.7%, it faces challenges due to its expensive valuation, indicated by a Price to Book Value of 9.9 and a PEG ratio of 2. This suggests that while the stock has performed well historically, its current valuation may deter some investors, contributing to its mixed performance relative to the broader market.