Why is Sayaji Hot. Pune falling/rising?

As of 06-Oct, Sayaji Hotels (Pune) Ltd is experiencing a significant rise in its stock price, currently at 965.75, reflecting an increase of 83.75 or 9.5%. The stock has shown strong performance today, having outperformed its sector by 9.81% and reaching a new 52-week and all-time high of Rs. 1030. It has been on a positive trajectory, gaining for the last three days with a total return of 16.33% during this period. Additionally, the stock has demonstrated impressive returns over various time frames, including a 23.81% increase over the past month and a 21.48% rise year-to-date, indicating robust investor interest and confidence.
In the broader market context, Sayaji Hotels' recent performance stands in stark contrast to the benchmark Sensex, which has only increased by 1.77% over the past week and 1.34% over the past month. This highlights the stock's strong momentum compared to the overall market. The rising investor participation, evidenced by a 257.5% increase in delivery volume against the 5-day average, further supports the stock's upward movement. The high volatility observed today, with an intraday volatility of 6.74%, suggests active trading and interest, contributing to the stock's price rise. Overall, the combination of strong stock-specific factors and favorable market conditions has led to the current upward trend in Sayaji Hotels' stock price.