Why is Le Travenues falling/rising?

As of 17-Jul, Le Travenues Technology Ltd's stock price is rising, currently at Rs 214.45, reflecting an increase of Rs 35.35 or 19.74%. The stock has recently hit a new 52-week and all-time high of Rs 214.9, demonstrating strong performance with a 21.78% return over the last two days. It has outperformed its sector by 13% today and opened with a gain of 8.49%. Additionally, the stock has shown impressive returns over various periods, including a 27.84% increase year-to-date and a 23.74% rise over the past year. The company has reported healthy growth in net sales and operating profit, with positive results for the last four consecutive quarters, which has likely contributed to the stock's upward momentum.
In the broader market context, while the Sensex has experienced a slight decline of 1.12% over the past week, Le Travenues has surged by 22.37%, indicating a strong relative performance. The travel services sector, in which the company operates, has gained by 6.74%, further supporting the stock's rise. However, it is important to note that there has been a decrease in investor participation, with delivery volume falling by 29.2% against the five-day average, which could pose a risk to sustained momentum. Despite this, the high institutional holdings at 69.22% suggest confidence from more sophisticated investors, which may bolster the stock's performance moving forward.