Why is Velan Hotels falling/rising?

As of 26-Sep, Velan Hotels Ltd is experiencing a price increase, currently trading at 6.99, which reflects a rise of 0.29 or 4.33%. The stock has shown strong performance recently, gaining 58.86% over the last 10 days and outperforming its sector by 6.81% today. Additionally, it has posted impressive returns over the past week and month, with increases of 26.40% and 43.83%, respectively. The stock is also trading above its moving averages across various time frames, indicating a bullish trend. However, there is a noted decline in investor participation, with delivery volume dropping by 38.25% compared to the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
Broader Market Context: In contrast to Velan Hotels' strong short-term performance, the benchmark Sensex has declined by 2.66% over the past week and 0.45% over the past month. This divergence highlights the stock's resilience amid a broader market downturn, particularly in the Hotel, Resort & Restaurants sector, which has fallen by 2.51%. While Velan Hotels has shown positive returns over the past year, it remains down 8.87% year-to-date, indicating that while the recent gains are significant, the stock has faced challenges in the longer term compared to the benchmark's positive year-to-date performance of 2.93%.