Why is Lemon Tree Hotel falling/rising?

As of 12-Aug, Lemon Tree Hotels Ltd is experiencing a price increase, currently at Rs 144.95, reflecting a rise of Rs 2.85 or 2.01%. The stock has shown a positive performance today, outperforming its sector by 1.53%, and has gained after three consecutive days of decline. It opened with a gain of 2.36% and reached an intraday high of Rs 147.4, which is a 3.73% increase. Over the past week, the stock has returned 0.90%, while it has underperformed the benchmark Sensex over the past month with a decline of 5.42% compared to the Sensex's 2.75% drop. Despite this, the stock has demonstrated strong long-term growth, with an annual operating profit growth rate of 38.86% and positive results for the last four consecutive quarters, including significant growth in profit before tax and profit after tax.
In the broader market context, Lemon Tree Hotels Ltd's recent performance contrasts with the benchmark, as it has outperformed the Sensex over the past week while facing challenges in the month-to-date comparison. The stock's long-term performance remains robust, with a 19.79% return over the last year and a remarkable 93.91% increase over the past three years, significantly surpassing the benchmark's performance. The high institutional holdings at 41.31% indicate strong confidence from knowledgeable investors, which may contribute to the stock's upward movement today. Overall, the combination of positive earnings growth, increased investor participation, and a trend reversal after recent declines suggests a favorable outlook for the stock in the short term.