Why is ITC Hotels falling/rising?

As of 04-Sep, ITC Hotels Ltd is currently priced at 243.90, reflecting a decrease of 6.7 points or 2.67%. The stock has underperformed its sector by 2.62% today, following a trend reversal after three consecutive days of gains. It reached an intraday low of Rs 242.1, indicating a decline of 3.39%. Despite this drop, ITC Hotels is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend over a longer period. However, there has been a notable decline in investor participation, with delivery volume falling by 4.13% compared to the 5-day average, which may indicate waning interest among investors.
In the broader market context, ITC Hotels has shown a positive return of 2.37% over the past week, outperforming the Sensex, which gained only 0.80%. Over the past month, the stock has increased by 6.44%, while the Sensex has slightly declined by 0.37%. This short-term strength contrasts with the current price decline, suggesting that while the stock has performed well recently, today's movement may reflect profit-taking or a temporary correction. Overall, the stock's recent performance indicates a complex interplay of positive short-term gains against today's downward pressure, influenced by reduced trading volume and investor participation.