Why is Royal Orch.Hotel falling/rising?

As of 02-Sep, Royal Orchid Hotels Ltd is experiencing a significant rise in its stock price, currently at Rs. 571.35, reflecting an increase of Rs. 76.25 or 15.4%. The stock has recently hit a new 52-week and all-time high of Rs. 594.1, showcasing strong performance with an intraday high of 20%. Over the past week, the stock has outperformed the sector by 14.53%, and its returns over the last month and year stand at 45.98% and 56.11%, respectively. Despite a recent decline in delivery volume by 39.56%, the stock remains liquid enough for trading, and it is currently trading above all key moving averages, indicating a bullish trend. The company's healthy long-term growth, with an operating profit growth rate of 62.97%, and its fair valuation compared to peers contribute positively to its recent price movement.
In the broader market context, Royal Orchid Hotels Ltd has significantly outperformed the benchmark Sensex, which has seen a decline of 0.78% over the past week, while the stock has gained 14.57%. This trend of market-beating performance is evident over various time frames, including a 59.91% year-to-date return compared to the Sensex's 2.58%. The stock's strong historical performance, combined with its ability to generate substantial returns over the long term, reinforces investor confidence, despite the recent drop in investor participation. Overall, the combination of positive financial metrics and strong market performance contributes to the stock's upward trajectory.