Why is Lemon Tree Hotel falling/rising?

As of 24-Sep, Lemon Tree Hotels Ltd is experiencing a price increase, with its current price at 171.95, reflecting a change of 0.9 (0.53%) upward. The stock has shown a performance today that outperformed its sector by 0.88% and has been gaining for the last two days, with a total return of 0.88% during this period. Over the past month, the stock has risen by 1.51%, while it has delivered impressive returns of 38.89% over the last year and 100.52% over the last three years. Despite a recent decline in delivery volume, which fell by 18.28% against the five-day average, the stock remains liquid enough for trading. The company has demonstrated healthy long-term growth, with operating profit growing at an annual rate of 38.86%, and has reported positive results for the last four consecutive quarters, contributing to its recent upward movement.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, as it has declined by 1.40% over the past week compared to a 1.18% decline in the Sensex. However, Lemon Tree Hotels has outperformed the benchmark in the long term, generating 12.20% returns year-to-date, compared to the Sensex's 4.58%. The high institutional holdings at 41.31% indicate strong confidence from larger investors, which may also support the stock's upward trajectory. Overall, the combination of positive financial results, strong institutional backing, and a recent trend of price gains contributes to the stock's rising price.