Why is ITC Hotels falling/rising?

As of 22-Jul, ITC Hotels Ltd is currently priced at 246.85, reflecting a decrease of 4.65, or 1.85%. The stock has been underperforming, having fallen for the last two days with a total decline of 3.06%. Today, it reached an intraday low of Rs 245.7, indicating a downward trend. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend. Additionally, there has been a slight increase in investor participation, with delivery volume rising by 0.01% against the 5-day average, indicating some ongoing interest. However, the absence of specific positive or negative factors makes it difficult to ascertain the precise reasons behind the recent price movement.
In the broader market context, ITC Hotels has shown a strong performance over the past week and month, with returns of +7.94% and +16.19%, respectively, while the benchmark Sensex has seen slight declines of -0.47% and -0.27%. This indicates that, despite the recent price drop, the stock has been outperforming the market in the short term. However, the current decline may reflect a correction after a period of strong gains, as well as the stock's underperformance today compared to its sector. Overall, while the stock has shown resilience in the face of broader market challenges, recent price movements suggest a need for caution among investors.