Why is Mahindra Holiday falling/rising?

As of 22-Jul, Mahindra Holidays & Resorts India Ltd is experiencing a price increase, with the current price at Rs 361.60, reflecting a rise of 4.85 (1.36%). The stock has shown positive momentum today, outperforming its sector by 2.77% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 363.9, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-to-date return of only 1.25%, the stock has performed well over the past month with a 7.25% increase. Positive financial results, including a significant growth in profit before tax and profit after tax, alongside a low debt-equity ratio, suggest a fair valuation relative to peers, which may be contributing to the recent price increase.
In the broader market context, while Mahindra Holidays has outperformed the Sensex in the short term with a 1-week return of 2.29% compared to the benchmark's decline of 0.47%, it has underperformed over the past year, with a return of -17.74% against the Sensex's 2.09% gain. This disparity highlights the stock's struggle to maintain long-term growth, as indicated by its weak sales growth and high debt levels. Although there are positive indicators in terms of recent financial performance, the overall market sentiment and the company's long-term fundamentals may still pose challenges, impacting investor confidence.