Why is Saj Hotels falling/rising?

As of 24-Sep, Saj Hotels Ltd is experiencing a price increase, currently at 75.20, reflecting a change of 1.7 or 2.31% upward. The stock has shown strong performance in the short term, with a 6.44% increase over the past week and a notable 19.46% rise over the last month, significantly outperforming the Sensex, which has seen a decline of 1.08% in the same week and a modest gain of 0.75% over the month. However, despite this positive movement, there are concerns regarding falling investor participation, as the delivery volume has decreased by 77.61% compared to the five-day average. Additionally, the company has weak long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 2.79% and flat results reported for June 25, which may temper investor enthusiasm.
In the broader market context, Saj Hotels' recent performance contrasts sharply with the Sensex, which has not only underperformed in the short term but also shows a decline of 3.41% over the past year. While Saj Hotels has generated a return of 0.00% over the past year, its profits have risen by 83%, indicating potential for growth despite its current valuation concerns. The stock is trading above all its moving averages, suggesting a bullish trend, yet the overall weak long-term fundamentals and high valuation relative to its ROE may lead to caution among investors, impacting future price movements.