Why is Oriental Hotels falling/rising?

As of 15-Jul, Oriental Hotels Ltd is experiencing a price increase, currently at Rs 157.90, reflecting a rise of Rs 9.5 or 6.4%. The stock has shown strong performance today, outperforming its sector by 4.72% and achieving an 8.15% return over the last two days. It reached an intraday high of Rs 159.5, indicating positive momentum. Additionally, the stock has demonstrated impressive returns over various periods, including a 19.04% increase over the past year and a remarkable 162.29% rise over the last three years. The company has recently reported positive results after three consecutive quarters of losses, with significant improvements in operating profit and a low debt-equity ratio, contributing to investor confidence and the stock's upward movement.
In the broader market context, the stock's short-term performance has been notably strong, with a 10.03% increase over the past week, contrasting sharply with the Sensex, which has declined by 1.36% during the same period. While the stock has underperformed year-to-date with an 8.86% decline compared to the Sensex's 5.67% gain, its recent positive results and healthy long-term growth prospects have attracted investor interest, leading to increased trading volume and liquidity. This combination of factors suggests that despite some challenges earlier in the year, the stock is currently benefiting from renewed investor optimism and strong operational performance.