Why is Viceroy Hotels falling/rising?

As of 23-Jul, Viceroy Hotels Ltd's stock is currently priced at 109.90, reflecting an increase of 1.9, or 1.76%. The stock opened with a gain of 2.78% today and reached an intraday high of Rs 112.99, outperforming its sector by 1.67%. Over the past week, the stock has risen by 1.60%, and in the last month, it has shown a significant increase of 14.48%. However, despite these short-term gains, the stock has underperformed over the longer term, with a year-to-date decline of 10.29% and a one-year drop of 10.11%. The company's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 1.52% and a high Debt to EBITDA ratio of 60.00 times, contribute to concerns about its sustainability. Additionally, the recent flat results and falling participation from institutional investors indicate potential challenges ahead.
In the broader market context, while Viceroy Hotels has shown positive short-term performance, it has significantly lagged behind the benchmark, with the Sensex only gaining 0.11% over the past week and 1.01% over the past month. The stock's performance contrasts sharply with the BSE500, which has generated returns of 1.79% over the last year, further emphasizing Viceroy's struggles. The decline in institutional investor participation, which has decreased by 0.6% in the previous quarter, suggests a lack of confidence among more knowledgeable investors, potentially impacting the stock's future performance. Overall, while there are short-term gains, the long-term outlook remains uncertain due to fundamental weaknesses and underperformance relative to the market.