Why is Lemon Tree Hotel falling/rising?

As of 04-Sep, Lemon Tree Hotels Ltd is experiencing a price increase, with the current price at Rs. 170.65, reflecting a rise of 0.95 (0.56%). The stock has recently hit a new 52-week and all-time high of Rs. 176.2 and has outperformed its sector by 0.61%. Over the last two days, the stock has gained 3.27%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has shown strong performance with a 31.37% return over the past year and has consistently reported positive results for the last four quarters, contributing to a healthy long-term growth outlook with an annual operating profit growth rate of 38.86%. Additionally, high institutional holdings at 41.31% indicate strong investor confidence, as these investors typically have better resources to analyze company fundamentals.
In the broader market context, Lemon Tree Hotels has outperformed the Sensex, which has only gained 0.80% over the past week, while the stock itself has risen by 1.67%. This trend continues in the longer term, with Lemon Tree Hotels showing a 16.80% increase over the past month compared to a decline of 0.37% in the benchmark. The stock's liquidity is also favorable, with a delivery volume increase of 75.33% against the 5-day average, suggesting strong investor participation. Overall, the combination of positive financial performance, strong institutional backing, and outperformance relative to the benchmark contributes to the stock's rising price.