Why is Thomas Cook (I) falling/rising?

As of 22-Jul, Thomas Cook (India) Ltd is experiencing a price increase, currently at Rs 186.25, reflecting a rise of Rs 9.05 or 5.11%. The stock has shown strong performance today, outperforming its sector by 0.41% and reaching an intraday high of Rs 187, which is a 5.53% increase. Over the past week, the stock has gained 13.05%, while it has also outperformed the benchmark Sensex, which has seen a decline of 0.47%. Despite a year-to-date decline of 4.76%, the company has demonstrated healthy long-term growth with an annual operating profit increase of 57.74%. The stock is trading at a discount compared to its peers, and its low debt-to-equity ratio and attractive valuation contribute positively to its recent upward movement.
In the broader market context, while Thomas Cook's short-term performance has been strong, the benchmark Sensex has not fared well in the same period, indicating that the stock is gaining traction even as the overall market struggles. The travel services sector has also seen a gain of 4.7%, which may be contributing to the positive sentiment around Thomas Cook. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 11.24% against the 5-day average, which could indicate caution among investors despite the stock's recent gains. Overall, the combination of strong short-term performance, favorable company fundamentals, and sector support has led to the stock's rising price.