Why is Lemon Tree Hotel falling/rising?

As of 13-Aug, Lemon Tree Hotels Ltd is experiencing a price increase, currently at Rs 147.20, reflecting a rise of Rs 2.25 or 1.55%. The stock has shown positive momentum, gaining 3.59% over the last two days, although it underperformed its sector by 2.63% today. The stock's performance over the past week has been a gain of 1.90%, while it has seen a decline of 3.95% over the past month. Despite this recent downturn, the company has demonstrated strong long-term growth, with operating profit increasing at an annual rate of 38.86%, and it has reported positive results for the last four consecutive quarters, contributing to investor confidence.
In the broader market context, while Lemon Tree Hotels has outperformed the benchmark Sensex over the past year with a return of 22.36% compared to the Sensex's 2.01%, it has lagged behind in the short term, as evidenced by its 1-month decline of 3.95% against the Sensex's 2.38% drop. The hotel, resort, and restaurant sector has gained 4.2%, indicating a favorable environment for the industry, which may be contributing to the stock's recent rise. Additionally, the increase in institutional holdings by 0.72% suggests a growing confidence among larger investors, further supporting the stock's upward movement.