Why is Rategain Travel falling/rising?

As of 04-Sep, Rategain Travel Technologies Ltd is experiencing a price increase, currently at 605.50, reflecting a rise of 15.2 points or 2.57%. The stock has shown strong performance recently, gaining 18.47% over the last four days and outperforming its sector by 3.37% today. It opened with a gain of 2.38% and reached an intraday high of Rs 614.55. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Positive factors contributing to this rise include a low debt-to-equity ratio, healthy long-term growth in net sales and operating profit, and high institutional holdings, which suggest confidence from more sophisticated investors. However, the company has faced challenges, such as flat results in its latest quarter and an expensive valuation relative to its peers.
In the broader market context, Rategain's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.80% over the past week, while Rategain has surged by 18.27%. Despite a year-to-date decline of 16.37% compared to the Sensex's 3.30% gain, the recent momentum indicates a potential recovery phase for the stock. The overall market has been underperforming, with the BSE500 index showing negative returns of -4.38% over the past year, yet Rategain's sharper decline of -20.90% suggests that it has been more volatile. This combination of factors indicates that while the stock is currently rising, it has had a challenging year, and investor sentiment may be shifting positively in light of recent performance metrics.