Why is Sayaji (Indore) falling/rising?

As of 24-Jul, Sayaji Hotels (Indore) Ltd is experiencing a price increase, currently at Rs 1,217.00, reflecting a rise of 6.1 points or 0.5%. The stock opened with a significant gain of 5.21% today and reached an intraday high of Rs 1,274. It has outperformed its sector by 0.44%. Over the past week, the stock has shown a modest increase of 0.16%, while its year-to-date performance stands at an impressive 66.48%. However, despite the recent positive movement, the company faces challenges, including weak long-term fundamental strength and a decrease in promoter confidence, as promoters have reduced their stake by 2.72% in the last quarter.
In the broader market context, Sayaji Hotels has outperformed the Sensex over the past week, which has declined by 0.09%. While the stock has shown strong year-to-date returns compared to the benchmark, its one-month performance is down by 2.48%, contrasting with the Sensex's slight gain of 0.16%. The company's valuation appears expensive with a Price to Book Value of 5.9, and while it has generated a return of 7.41% over the past year, its operating profits have only grown by 6.87% CAGR, indicating potential concerns for investors.