Why is Rategain Travel falling/rising?

As of 20-Aug, Rategain Travel Technologies Ltd is experiencing a price increase, with its current price at Rs 498.50, reflecting a rise of Rs 7.35 or 1.5%. The stock has shown a positive trend, gaining 2.59% over the last two days, although it underperformed its sector by 0.93% today. In terms of returns, the stock has increased by 1.83% over the past week and 7.11% over the past month, contrasting sharply with its year-to-date decline of 31.15%. The company benefits from a low debt-to-equity ratio and strong long-term growth, with net sales increasing at an annual rate of 38.41% and operating profit at 178.28%. However, it has faced challenges, including a flat performance in its latest quarterly results and a significant decline in delivery volume.
Broader Market Context: The stock's recent performance has outpaced the benchmark Sensex, which has gained 1.64% over the past week and only 0.12% over the past month. Despite this positive short-term movement, Rategain has underperformed the broader market over the past year, with a decline of 30.85% compared to the Sensex's modest gain of 1.31%. The high institutional holdings of 29.05% suggest that knowledgeable investors are backing the stock, which may provide some support for its price. However, the overall negative sentiment from its substantial year-to-date losses and recent underperformance in the market could weigh on investor confidence.