Why is Sayaji (Indore) falling/rising?

As of 08-Jul, Sayaji Hotels (Indore) Ltd is experiencing a price increase, currently at Rs 1,248.00, reflecting a rise of 78.0 points or 6.67%. The stock has shown strong performance today, outperforming its sector by 6.39%. It reached an intraday high of Rs 1,248 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 80.77% compared to the 5-day average. While the stock has generated a return of 1.91% over the past year, its profits have risen significantly by 47%, indicating a positive trend despite concerns about its long-term fundamental strength and high valuation metrics.
In the broader market context, Sayaji Hotels has outperformed the Sensex, which only increased by 0.02% over the past week, while Sayaji's return for the same period was 6.67%. This trend continues with a 7.59% increase over the past month compared to the Sensex's 1.85%. Despite these positive short-term returns, the company faces challenges such as weak long-term fundamentals and a high price-to-book value ratio, which may affect investor sentiment moving forward. The majority of shareholders being non-institutional could also influence the stock's volatility and trading patterns.