Why is Ras Resorts falling/rising?

As of 17-Nov, Ras Resorts & Apart Hotels Ltd is experiencing a price increase, with the current price at 40.49, reflecting a change of 1.99 (5.17%) upward. The stock has shown positive momentum, gaining for the last two days with a total return of 7.69% during this period. It opened with a significant gap up of 6.75% today and reached an intraday high of Rs 41.1. However, despite this positive movement, there is a notable decline in investor participation, as evidenced by a 78.9% drop in delivery volume compared to the 5-day average. The stock's year-to-date performance remains negative at -15.29%, and it has underperformed the benchmark over the past year, with a decline of -26.62% compared to the Sensex's gain of 9.50%.
In the broader market context, Ras Resorts has outperformed the sector today by 5.01%, indicating a stronger performance relative to its peers. Over the past week, the stock has increased by 1.73%, slightly better than the Sensex's 1.69% gain, suggesting a positive short-term trend. However, the stock's year-to-date performance significantly lags behind the benchmark, which has risen by 8.72%. The moving averages indicate that while the stock is currently above its shorter-term averages, it remains below the longer-term averages, suggesting mixed signals about its longer-term performance. Overall, the recent price rise is driven by short-term gains, but the underlying trend shows challenges that may affect future performance.