Why is Rategain Travel falling/rising?

As of 01-Sep, Rategain Travel Technologies Ltd is experiencing a price increase, currently at Rs 537.00, reflecting a rise of Rs 25.9 or 5.07%. Today's price summary indicates that the stock has outperformed its sector by 3.8% and has gained after three consecutive days of decline, reaching an intraday high of Rs 549.45. Over the past week, the stock has shown a return of +1.77%, while in the last month, it has surged by +24.00%. Despite a year-to-date decline of -25.83%, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 38.41% and operating profit at 178.28%. The stock is trading at a discount compared to its peers, and high institutional holdings at 29.05% suggest strong investor confidence, although there has been a notable drop in delivery volume.
In the broader market context, while the Sensex has declined by -1.56% over the past week, Rategain's positive performance stands out. However, the stock has underperformed over the last year, with a return of -27.38% compared to the market's -2.43%. This underperformance is compounded by flat results reported for June, where the profit after tax fell by -10.2% compared to previous quarters. Despite these challenges, the stock's recent upward movement may be attributed to its attractive valuation and growth potential, which could be appealing to investors looking for opportunities in a volatile market.