Why is Royal Orch.Hotel falling/rising?

As of 11-Jun, Royal Orchid Hotels Ltd's stock price is rising, currently at 396.00, reflecting an increase of 19.85 or 5.28%. The stock has shown strong performance, gaining 11.85% over the last six days and outperforming its sector by 6.61% today. It has consistently traded above its moving averages across various timeframes, indicating a bullish trend. Additionally, the stock's year-to-date return stands at 10.83%, while it has achieved a remarkable 187.27% return over the past three years. The positive sentiment is further supported by an increase in institutional investor participation, which has risen by 0.64% in the last quarter, suggesting confidence in the company's fundamentals despite a slight decline in profits over the past year.
In the broader market context, Royal Orchid Hotels Ltd has significantly outperformed the benchmark Sensex, which has only risen by 1.87% over the past week, compared to the stock's 9.45% increase. This trend of outperformance is evident across multiple timeframes, with the stock's one-month return of 15.42% also surpassing the Sensex's 3.85%. The overall market sentiment appears favorable for Royal Orchid Hotels, as evidenced by the rising investor participation and the stock's attractive valuation relative to its peers, which may contribute to sustained interest and upward momentum in its stock price.