Why is Lemon Tree Hotel falling/rising?

As of 23-Jul, Lemon Tree Hotels Ltd is experiencing a slight increase in its stock price, currently at Rs 157.40, reflecting a change of 0.15 (0.1%) upward. The stock has shown strong performance recently, gaining 1.58% over the last three days and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is close to its 52-week high, just 3.08% away from Rs 162.25. The company has reported positive financial results, including a 29.27% growth in net profit and consistent positive results over the last three quarters, which has likely contributed to increased investor confidence. Furthermore, high institutional holdings at 41.31% indicate strong backing from knowledgeable investors, enhancing the stock's appeal.
In the broader market context, Lemon Tree Hotels has outperformed the benchmark Sensex in the short term, with a 1-week return of 2.14% compared to the Sensex's 0.11%. Over the past month, the stock has surged by 16.77%, significantly outpacing the Sensex's 1.01% increase. This strong performance relative to the benchmark, combined with rising investor participation and liquidity, suggests a positive sentiment surrounding the stock, contributing to its upward price movement.