Why is TajGVK Hotels falling/rising?

As of 02-Sep, TajGVK Hotels & Resorts Ltd is experiencing a price increase, currently at 432.00, which reflects a rise of 22.0 or 5.37%. Today's performance indicates a positive trend reversal, as the stock has gained after seven consecutive days of decline. It outperformed its sector by 4.5%, reaching an intraday high of Rs 438.75. The stock is trading above its moving averages across various time frames, and there has been a notable increase in investor participation, with delivery volume rising by 34.22% compared to the five-day average. Additionally, the company has demonstrated strong financial health, with a low Debt to EBITDA ratio and significant profit growth, contributing to its favorable valuation relative to peers.
In the broader market context, TajGVK Hotels has outperformed the benchmark, with a one-week return of +2.28% compared to the Sensex's -0.78%. Over the past year, while the BSE500 has seen negative returns of -4.82%, TajGVK has generated a substantial return of 32.92%. This strong performance is supported by the company's impressive profit growth of 51.6% and a favorable PEG ratio of 0.4, indicating that the stock is trading at a discount compared to historical valuations. Overall, the combination of positive stock-specific factors and a strong relative performance against the broader market has contributed to the stock's upward movement.