Why is Sayaji Hotels falling/rising?

As of 06-Nov, Sayaji Hotels Ltd is experiencing a decline in its stock price, currently at Rs 272.00, which reflects a decrease of Rs 6.0 or 2.16%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 4.56% during this period. Despite touching an intraday high of Rs 290, the stock has traded below its moving averages across multiple time frames, indicating a bearish trend. Additionally, while the stock has outperformed its sector by 2.55% today, it has shown significant underperformance over the past week, month, and year compared to broader market indices, with year-to-date returns down by 18.04%.
In the broader market context, the Sensex has experienced a slight decline of 1.30% over the past week, contrasting with Sayaji Hotels' sharper drop of 4.53%. This suggests that the stock's recent performance is not solely a reflection of overall market conditions, but rather specific challenges faced by the company. The hotel, resort, and restaurant sector has also seen a decline of 4.81%, which may be contributing to the negative sentiment surrounding Sayaji Hotels. Furthermore, while there has been a notable increase in investor participation, as evidenced by a 115.23% rise in delivery volume, the overall liquidity remains low, indicating potential caution among investors.