Why is Lemon Tree Hotel falling/rising?

As of 01-Sep, Lemon Tree Hotels Ltd is experiencing a price increase, currently at Rs 170.05, which reflects a rise of Rs 4.4 or 2.66%. The stock has shown strong performance, being only 2.91% away from its 52-week high of Rs 175, and it reached an intraday high of Rs 171, marking a 3.23% increase. Over the past week, the stock has outperformed the sector by 2.58%, and it has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has demonstrated impressive returns, with a 26.53% increase over the past year and a remarkable 507.32% rise over the last five years. Positive factors contributing to this upward movement include healthy long-term growth, as evidenced by a 38.86% annual growth rate in operating profit, and strong institutional holdings, which have increased by 0.72% over the previous quarter.
In the broader market context, Lemon Tree Hotels has outperformed the benchmark Sensex, which has declined by 1.56% over the past week, while the stock itself has gained 1.28%. This indicates that the stock is not only performing well in isolation but is also gaining traction compared to the overall market. The company's positive financial results over the last four consecutive quarters, including a 51.78% growth in PAT and a 112.20% growth in PBT, further bolster investor confidence. Despite a slight decline in delivery volume, the stock remains liquid enough for trading, suggesting sustained interest from investors. Overall, the combination of strong financial performance, positive market sentiment, and outperformance against benchmarks has contributed to the stock's rising price.