Why is Sayaji (Indore) falling/rising?

As of 09-Jun, Sayaji Hotels (Indore) Ltd is experiencing a price increase, currently at Rs 1,218.00, reflecting a rise of Rs 58.0 or 5.0%. Today's performance indicates that the stock has outperformed its sector by 4.38% and has shown a trend reversal after four consecutive days of decline. The stock opened with a gain of 5% and reached an intraday high of Rs 1,218. It is currently trading at this price without any range fluctuations. Although the stock is technically in a mildly bullish range, indicated by positive signals from MACD, Bollinger Band, and KST, it faces challenges with falling investor participation, as evidenced by a significant drop in delivery volume. The stock's year-to-date return of 66.62% significantly outpaces the Sensex's 5.51%, although its long-term fundamentals are weak, with a 6.87% CAGR growth in operating profits and a high valuation indicated by a Price to Book Value of 5.9.
In the broader market context, Sayaji Hotels has shown a short-term return of 1.42% over the past week, slightly outperforming the Sensex, which returned 1.32% in the same period. However, over the last month, the stock's performance has lagged behind the benchmark, with a return of 1.03% compared to the Sensex's 3.76%. Despite the recent price increase, the stock's long-term fundamentals raise concerns, particularly given its flat results in March 2025 and a relatively expensive valuation. This combination of short-term bullish indicators and long-term fundamental weaknesses contributes to the complexity of the stock's current price movement.