Why is Lemon Tree Hotel falling/rising?

As of 15-Jul, Lemon Tree Hotels Ltd is experiencing a price increase, currently at Rs 153.50, which reflects a rise of 1.4 (0.92%). The stock has shown a positive trend today, gaining after two consecutive days of decline, and reached an intraday high of Rs 155.6. Despite this upward movement, it underperformed its sector by 0.76%. Over the past week, the stock has increased by 4.64%, while it has delivered a 10.59% return over the past month. The company has reported strong financial results, including a 29.27% growth in net profit and consistent positive performance over the last three quarters, which has likely contributed to investor confidence. However, there has been a notable decline in investor participation, with delivery volume dropping by 77.23% compared to the five-day average.
In the broader market context, Lemon Tree Hotels Ltd has outperformed the benchmark Sensex over the past week, while the Sensex has declined by 1.36%. This indicates that the stock is gaining traction despite a challenging market environment. The stock's strong performance over the last three years, with a return of 138.35%, and high institutional holdings at 40.59% suggest that more sophisticated investors are backing the company, which may provide additional stability. Overall, the combination of positive financial results and strong historical performance appears to be driving the stock's recent rise, even as market conditions remain mixed.