Why is Lemon Tree Hotel falling/rising?

As of 18-Aug, Lemon Tree Hotels Ltd is experiencing a price increase, currently at Rs 152.95, reflecting a rise of Rs 7.7 or 5.3%. Today's price summary indicates that the stock opened with a gain of 2.99% and reached an intraday high of Rs 155, marking a 6.71% increase. The stock has outperformed its sector by 5.25% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 39.66% against the 5-day average, the company has shown strong long-term growth with a 38.86% annual increase in operating profit and positive results over the last four consecutive quarters, including significant growth in both profit before tax and profit after tax.
In the broader market context, Lemon Tree Hotels has outperformed the Sensex with a 7.64% increase over the past week compared to the benchmark's 0.83% rise. While the stock has seen a slight decline of 1.29% over the past month, it has generated a robust 28.58% return over the last year, significantly outperforming the BSE500. The high institutional holdings at 41.31% suggest confidence from more sophisticated investors, which may contribute to the stock's positive momentum. Overall, the combination of strong financial performance, positive market sentiment, and relative outperformance against benchmarks supports the stock's rising price.