Why is Lemon Tree Hotel falling/rising?

As of 10-Jul, Lemon Tree Hotels Ltd is experiencing a price increase, currently at Rs 157.95, reflecting a rise of Rs 12.05 or 8.26%. The stock has shown strong performance today, outperforming its sector by 8.47% and reaching an intraday high of Rs 161.2, which is close to its 52-week high of Rs 162.25. Over the past week, the stock has gained 14.08%, while its one-month return stands at 11.66%. The company has demonstrated consistent growth, with a net profit increase of 29.27% and positive results for the last three consecutive quarters. High institutional holdings at 40.59% suggest strong investor confidence, further supporting the stock's upward movement.
In the broader market context, while the Sensex has remained relatively flat with a change of -0.06% over the past week, Lemon Tree Hotels has significantly outperformed this benchmark. The stock's performance over the last three years has also been impressive, with a return of 139.50% compared to the Sensex's 52.69%. This indicates that Lemon Tree Hotels is not only thriving independently but also attracting investor interest, as evidenced by a 37.48% increase in delivery volume against the five-day average. Overall, the combination of strong financial results, positive investor sentiment, and favorable trading conditions contributes to the stock's rising price.