Why is Indian Hotels Co falling/rising?

As of 18-Sep, Indian Hotels Co Ltd is experiencing a price increase, currently at 782.50, which reflects a rise of 2.25 or 0.29%. The stock has been gaining for the last two days, with a total return of 0.5% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has shown strong performance over the past year, generating a return of 14.59%, although it has underperformed relative to the benchmark Sensex in the short term, with a year-to-date decline of 10.71% compared to the Sensex's gain of 6.24%. The company has demonstrated a strong ability to service debt and has reported positive results for the last 15 consecutive quarters, contributing to investor confidence.
In the broader market context, while Indian Hotels Co has shown a modest increase in the short term, it has lagged behind the Sensex's performance over the past week and month. The stock's liquidity is favorable, with a delivery volume increase of 4.21% against the 5-day average, suggesting rising investor participation. High institutional holdings at 45.7% indicate that knowledgeable investors are backing the stock, which may support its price. However, the stock's valuation remains a concern, as it is considered expensive with a high Price to Book Value ratio, despite its consistent returns and strong growth metrics.