Why is Lemon Tree Hotel falling/rising?

As of 11-Sep, Lemon Tree Hotels Ltd is experiencing a price increase, currently at Rs 174.70, which reflects a rise of 1.7 (0.98%). The stock has shown strong performance recently, with a 1-week return of +2.37% and a remarkable +22.94% over the past month. It is currently trading close to its 52-week high, just 3.38% away from Rs 180.6, and has outperformed its sector by 1.28% today. Despite a recent trend reversal after two consecutive days of decline, the stock is trading above all key moving averages, indicating a positive momentum. The company has also reported healthy long-term growth, with operating profit increasing at an annual rate of 38.86%, and has declared positive results for the last four consecutive quarters, contributing to investor confidence.
In the broader market context, Lemon Tree Hotels has outperformed the Sensex, which has only gained +1.03% over the past week, while the stock has significantly outperformed the benchmark with a return of +2.37%. This trend is further supported by high institutional holdings at 41.31%, which suggests that informed investors are backing the stock. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 44.15% against the 5-day average, which could indicate a potential concern for future trading activity. Overall, the combination of strong financial performance and positive market sentiment has contributed to the stock's rising price.