Why is ITC Hotels falling/rising?

As of 05-Sep, ITC Hotels Ltd is currently priced at 243.85, reflecting a slight decrease of 0.05, or -0.02%. The stock has been experiencing a downward trend, having lost 2.69% over the past two days. Despite this recent decline, the stock has shown a positive performance over the past week and month, with returns of +2.39% and +5.24%, respectively. However, it is noteworthy that the stock's delivery volume has decreased by 21.58% compared to the 5-day average, indicating falling investor participation. The stock is trading above its 20, 50, 100, and 200-day moving averages, but below its 5-day moving average, suggesting mixed signals in terms of momentum.
In the broader market context, ITC Hotels' recent performance can be compared to the Sensex, which has gained 1.13% over the past week and remained flat over the past month. While ITC Hotels has outperformed the benchmark in the short term, the recent consecutive falls and reduced trading volume may be contributing to investor caution. The stock's liquidity remains adequate for trading, but the decline in delivery volume could signal a lack of confidence among investors, impacting the stock's ability to maintain its upward trajectory in the near term.