Why is Kamat Hotels falling/rising?

As of 01-Jul, Kamat Hotels (India) Ltd is experiencing a price increase, currently at Rs 248.35, reflecting a rise of Rs 6.15 or 2.54%. The stock has outperformed its sector by 2.38% today, reaching an intraday high of Rs 248.35. Over the past week, the stock has shown a return of +5.30%, and over the last month, it has increased by +3.05%. Despite a recent decline in investor participation, with delivery volume falling by 47.92% against the 5-day average, the company has reported significant growth in net profit of 482.8% and positive results for the last two consecutive quarters, which have likely contributed to the stock's upward movement.
In the broader market context, Kamat Hotels has outperformed the Sensex, which has returned +2.00% over the past week. The stock's year-to-date performance of +6.98% is slightly below the Sensex's +7.11%, indicating a competitive position within the market. The company's attractive valuation, with a return on capital employed (ROCE) of 18.7 and a PEG ratio of 0.1, suggests that it is trading at a discount compared to its peers, further supporting its positive price movement. Overall, the combination of strong financial results and favorable comparisons to the benchmark has contributed to the stock's rise.