Why is Ras Resorts falling/rising?

As of 28-October, Ras Resorts & Apart Hotels Ltd is experiencing a price increase, with its current price at Rs 39.99, reflecting a change of Rs 1.99 or 5.24% upward. The stock has shown strong performance today, outperforming its sector by 5.33% and has been on a gaining streak for the last four days, accumulating a total return of 7.33% over this period. It opened with a significant gain of 15.76% today and reached an intraday high of Rs 43.99. However, despite this positive movement, there has been a notable decline in investor participation, with delivery volume falling by 96.74% against the 5-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, Ras Resorts has outperformed the Sensex in the short term, with a 1-week return of 7.33% compared to the benchmark's 0.24%. However, over the longer term, the stock has underperformed, showing a year-to-date decline of 16.34% against the Sensex's gain of 8.30%. This contrast highlights the stock's recent volatility and short-term gains, which may not be indicative of its overall performance trajectory. The stock's trading activity suggests it remains liquid enough for trading, but the high volatility and falling investor participation could pose challenges for its continued upward momentum.