Why is Lemon Tree Hotel falling/rising?

As of 08-Jul, Lemon Tree Hotels Ltd is experiencing a price increase, currently at Rs 146.70, which reflects a rise of Rs 8.1 or 5.84%. The stock has shown strong performance today, outperforming its sector by 5.56% and achieving a consecutive gain over the last two days with a total return of 5.96%. It reached an intraday high of Rs 147.9, and it is trading above all its moving averages, indicating positive momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 33.96% compared to the 5-day average. The company has reported impressive financial results, including a 29.27% growth in net profit and consistent positive results over the last three quarters, which has likely contributed to the stock's upward movement.
In the broader market context, Lemon Tree Hotels has outperformed the Sensex in the short term, with a 1-week return of 5.20% compared to the benchmark's negligible increase of 0.02%. Despite a year-to-date decline of 4.27% against the Sensex's gain of 7.13%, the stock's strong performance over the past three years, with a return of 122.44%, suggests a solid long-term growth trajectory. The high institutional holdings at 40.59% indicate confidence from more sophisticated investors, which may further support the stock's price stability and growth potential.