Why is Mahindra Holiday falling/rising?

As of 17-Jul, Mahindra Holidays & Resorts India Ltd is experiencing a price increase, currently at Rs 363.00, reflecting a rise of 5.9 points or 1.65%. The stock has shown a positive performance today, outperforming its sector by 1.16%, and has gained consecutively over the last three days, accumulating a total return of 3.4% during this period. Additionally, the stock is trading above its moving averages across various time frames, indicating a bullish trend. Despite a year-over-year decline of 18.73%, the company reported significant growth in profit before tax and profit after tax in its latest quarterly results, which may have contributed to the recent upward momentum.
In the broader market context, Mahindra Holidays has outperformed the Sensex over the past week and month, with returns of 3.15% and 7.57%, respectively, while the Sensex has declined by 1.12% and increased by only 0.83%. This short-term outperformance suggests a positive sentiment towards the stock compared to the overall market. However, it is important to note that the stock has underperformed in the long term, with a negative return of 18.73% over the past year, contrasting with the market's slight gain. The company's high debt levels and weak long-term growth prospects remain concerns, but recent positive quarterly results may have provided a temporary boost to investor confidence.