Why is Sinclairs Hotels falling/rising?

As of 13-Aug, Sinclairs Hotels Ltd is experiencing a price increase, with its current price at Rs 98.55, reflecting a rise of Rs 2.55 or 2.66%. The stock opened with a gain of 2.19% today and reached an intraday high of Rs 100.1, which is a 4.27% increase. However, it has underperformed its sector by 1.52%. Over the past week, the stock has shown a modest return of 0.97%, while it has performed better than the benchmark Sensex, which remained flat at -0.01%. Despite this positive movement, the company has declared negative results for the last three consecutive quarters, with a significant drop in profits and a high price-to-book value ratio compared to its peers, indicating a potentially expensive valuation.
Broader market context shows that while Sinclairs Hotels has gained 3.32% over the past month, the Sensex has declined by 2.38% in the same period, suggesting that the stock is performing relatively well against the broader market backdrop. However, the year-to-date performance remains concerning, with the stock down 19.78% compared to a 3.07% increase in the Sensex. The hotel, resort, and restaurant sector has seen a gain of 4.05%, which may have contributed to the stock's upward movement today, but the overall declining investor participation and negative financial results could weigh on future performance.