Why is Sayaji (Indore) falling/rising?

As of 30-Jul, Sayaji Hotels (Indore) Ltd is experiencing a price increase, currently at Rs 1,249.00, reflecting a rise of 29.0 points or 2.38%. The stock has shown a positive trend today, outperforming its sector by 2.64% and opening with a gain of 2.44%. It has also reversed a two-day decline, reaching an intraday high of Rs 1,250. The stock has performed well over the past week and month, with returns of +3.15% and +8.14%, respectively, while it has significantly outperformed the benchmark Sensex, which has seen declines of -1.50% and -2.54% in the same periods. However, there are concerns regarding weak long-term fundamental strength, as indicated by a modest 6.87% CAGR growth in operating profits and a high Price to Book Value ratio of 6.1, suggesting the stock may be overvalued.
Broader Market Context: In the context of the broader market, Sayaji Hotels has managed to achieve an impressive year-to-date return of +70.86%, compared to the Sensex's +4.28%. Despite the overall negative sentiment in the market, with the BSE500 generating a return of -2.34% over the past year, Sayaji has still managed to deliver an 8.19% return. However, the recent decrease in promoter stake by -2.72% may indicate a lack of confidence in the company's future prospects, which could weigh on investor sentiment moving forward.