Why is Robust Hotels falling/rising?

As of 23-Jun, Robust Hotels Ltd is experiencing a price increase, currently at 263.25, reflecting a rise of 2.9 or 1.11%. The stock has shown strong performance today, outperforming its sector by 1.71% and marking its sixth consecutive day of gains, with a total increase of 7.8% over this period. It opened with a significant gain of 11.73% and reached an intraday high of Rs 290.9. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the company has reported positive results for the last three consecutive quarters, with a substantial growth in profit before tax and net sales, contributing to its attractive valuation and strong investor interest.
In the broader market context, Robust Hotels has outperformed the benchmark, generating a return of 27.14% over the past year compared to the Sensex's return of 6.07%. This performance is particularly notable given the stock's year-to-date decline of 2.82%, contrasting with the Sensex's gain of 4.81% in the same period. The rising investor participation, evidenced by an increase in delivery volume, further supports the stock's upward movement. Overall, the combination of strong financial results, positive market sentiment, and favorable comparisons to benchmarks has contributed to the stock's recent rise.