Why is Sinclairs Hotels falling/rising?

As of 02-Sep, Sinclairs Hotels Ltd is experiencing a price increase, currently at Rs 100.50, reflecting a rise of 3.4 points or 3.5%. The stock has outperformed its sector today by 2.63%, reaching an intraday high of Rs 100.50. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short-term trend. However, 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, suggesting that the stock may be overvalued compared to its peers. Additionally, domestic mutual funds hold no stake in the company, which could indicate a lack of confidence in its future performance.
In the broader market context, Sinclairs Hotels has shown a 1.93% increase over the past week, while the Sensex has declined by 0.78%, highlighting its relative strength in the short term. Despite this recent uptick, the stock has a year-to-date decline of 18.19%, contrasting sharply with the Sensex's gain of 2.58% during the same period. This divergence suggests that while the stock may be experiencing a temporary rally, its long-term performance remains concerning, particularly given the negative financial results and low investor participation.