Why is Sayaji (Indore) falling/rising?

As of 23-Jun, Sayaji Hotels (Indore) Ltd is experiencing a price increase, currently at Rs 1,239.00, reflecting a rise of 86.7 points or 7.52%. Today's price summary indicates that the stock has outperformed its sector by 8.12%, and it reached an intraday high of Rs 1,239. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 940.54% against the 5-day average. However, the stock has shown erratic trading, not trading on 2 out of the last 20 days. While the stock has generated a modest return of 2.34% over the past year, its profits have increased by 47%, indicating a positive growth trajectory despite concerns over its long-term fundamental strength.
In the broader market context, Sayaji Hotels' short-term performance has been less favorable compared to the benchmark Sensex, which has seen a slight increase of 0.12% over the past week, while Sayaji's stock has decreased by 1.67%. This contrast highlights the stock's volatility and potential challenges in maintaining momentum. The company's majority shareholders are non-institutional, which may influence its market behavior. Despite a high valuation indicated by a Price to Book Value of 6 and a weak long-term growth outlook with a 6.87% CAGR in operating profits, the stock's recent performance suggests a temporary rally driven by increased trading activity and investor interest.