Why is Sayaji Hot. Pune falling/rising?

As of 17-Sep, Sayaji Hotels (Pune) Ltd is experiencing a rise in its stock price, currently at Rs 890.00, reflecting an increase of Rs 40.2 or 4.73%. The stock opened with a gain of 3.55% today and reached an intraday high of Rs 900, indicating strong initial momentum. Despite touching a low of Rs 830 during the day, the stock has outperformed its sector by 4.57%. Over the past week, it has shown a return of +7.90%, and year-to-date, it has increased by 11.95%, significantly outperforming the Sensex, which has only risen by 5.83% in the same period. However, there has been a notable decline in investor participation, with delivery volume dropping by 42.31% against the 5-day average, which may indicate some caution among investors.
Broader Market Context: In the context of the broader market, Sayaji Hotels has outperformed the Sensex over various time frames, including a 1-week return of +7.90% compared to the Sensex's +1.56%. This strong performance suggests that the stock is gaining traction among investors, despite the recent drop in delivery volume. The stock is also trading above its moving averages, which typically indicates a bullish trend. However, the lack of available positive and negative factors may limit a comprehensive understanding of the underlying reasons for the stock's movement. Overall, the combination of strong short-term performance and the current price action suggests a positive sentiment surrounding Sayaji Hotels, even as some caution is reflected in reduced trading volume.