Why is Royal Orch.Hotel falling/rising?

As of 28-Aug, Royal Orchid Hotels Ltd is experiencing a price increase, with its current price at Rs. 526.75, reflecting a rise of Rs. 28.05 or 5.62%. The stock has recently hit a new 52-week and all-time high of Rs. 535, demonstrating strong performance today as it outperformed its sector by 6.15%. Over the past week, the stock has shown a remarkable return of 22.29%, and it has consistently outperformed the benchmark Sensex across various time frames, including a 42.44% return over the past year. Despite a decline in investor participation, as indicated by a significant drop in delivery volume, the stock remains liquid enough for trading, and it is trading above its moving averages, suggesting a positive trend.
In the broader market context, while the Sensex has declined by 2.34% over the past week, Royal Orchid Hotels has demonstrated resilience and strong growth, with a year-to-date return of 47.43% compared to the Sensex's modest 2.48%. The company's healthy long-term growth, characterized by an annual operating profit increase of 62.97%, and a fair valuation relative to its peers, supports its upward price movement. Additionally, the stock's ability to generate substantial returns over the long term, alongside a favorable PEG ratio, indicates strong investor confidence, contributing to its rising price amidst a challenging market environment.