Why is Lemon Tree Hotel falling/rising?

As of 21-Aug, Lemon Tree Hotels Ltd is experiencing a rise in its stock price, currently at Rs. 166.05, reflecting an increase of Rs. 10.45 or 6.72%. The stock has recently hit a new 52-week and all-time high of Rs. 169.8, outperforming its sector by 7.67%. Over the past two days, the stock has gained 11.37%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company has shown strong financial performance, with operating profit growing at an annual rate of 38.86% and positive results for the last four consecutive quarters, which has likely contributed to the recent upward movement in stock price.
In the broader market context, Lemon Tree Hotels has outperformed the Sensex significantly, with a 1-week return of +14.32% compared to the Sensex's +1.74%. The stock has also shown strong performance over longer periods, generating a 26.32% return in the last year while the benchmark has only returned 1.35%. The high institutional holdings at 41.31% indicate confidence from knowledgeable investors, further supporting the stock's positive momentum. Overall, the combination of strong financial results, positive market sentiment, and significant outperformance against the benchmark has contributed to the rising stock price of Lemon Tree Hotels Ltd.