Why is Royal Orch.Hotel falling/rising?

As of 29-Aug, Royal Orchid Hotels Ltd is experiencing a price increase, currently at Rs. 534.50, reflecting a rise of Rs. 7.75 or 1.47%. The stock has shown strong performance, hitting a new 52-week high of Rs. 544.35 today and outperforming its sector by 2.21%. Over the past week, the stock has gained 12.55%, and in the last month, it has risen by 24.11%. Despite a recent decline in investor participation, with delivery volume down by 33.12% against the 5-day average, the stock remains above its moving averages across various time frames, indicating a strong upward trend. Additionally, the company has demonstrated healthy long-term growth with an annual operating profit increase of 62.97%, and its fair valuation suggests it is trading at a discount compared to peers.
In the broader market context, Royal Orchid Hotels has significantly outperformed the benchmark Sensex, which has declined by 1.84% over the past week while the stock has risen. The stock's year-to-date return of 49.59% and its impressive 150.35% increase over the past three years further highlight its strong market position. This performance is complemented by the company's ability to generate substantial returns while maintaining a reasonable PEG ratio of 7.9, indicating that the stock is not only growing but is also fairly valued relative to its earnings growth. Overall, the combination of strong recent gains, positive long-term growth indicators, and relative outperformance against the benchmark contributes to the stock's rising price.