Why is Lemon Tree Hotel falling/rising?

As of 22-Aug, Lemon Tree Hotels Ltd is experiencing a price increase, currently at Rs. 169.40, reflecting a rise of Rs. 3.35 or 2.02%. The stock has shown strong performance recently, hitting a new 52-week high of Rs. 175 today and outperforming its sector by 2.47%. Over the past three days, the stock has gained 13.62%, and it is trading above all key moving averages. Additionally, the stock has demonstrated impressive returns, with a 26.75% increase over the past year and a remarkable 150.96% rise over the last three years. Positive factors contributing to this upward movement include a healthy long-term growth rate in operating profit, a decrease in raw material costs, and consistently positive quarterly results. Furthermore, high institutional holdings indicate strong confidence in the stock's fundamentals.
In the broader market context, Lemon Tree Hotels has significantly outperformed the benchmark Sensex, which has only increased by 0.88% over the past week and declined by 1.07% over the past month. This stark contrast highlights the stock's robust performance relative to the market. The stock's liquidity is also favorable, with a notable increase in delivery volume, suggesting rising investor participation. Overall, the combination of strong financial performance, positive investor sentiment, and a favorable market position has contributed to the stock's rising price.