Why is Yatra Online falling/rising?

As of 21-Aug, Yatra Online Ltd's stock price is rising, currently at 158.02, reflecting an increase of 4.11 or 2.67%. The stock has recently hit a new 52-week high of Rs. 163.72 and has shown strong performance, gaining 11.47% over the past week and 73.76% over the last month. Despite a decline in investor participation, as indicated by a 33.83% drop in delivery volume, the stock continues to trade above its moving averages, suggesting positive momentum. The company has reported impressive financial results, including a 105.67% growth in net sales over the last six months and consistent positive results for four consecutive quarters, which has likely contributed to the stock's upward movement. However, concerns regarding management efficiency and low return on equity may temper some investor enthusiasm.
In the broader market context, Yatra Online's recent performance significantly outpaces the benchmark, with the stock returning 11.47% over the past week compared to a 1.74% increase in the Sensex. Over the past year, while the market has generated negative returns of -1.56%, Yatra Online has achieved a return of 22.88%, showcasing its ability to outperform the market despite broader economic challenges. This strong relative performance, combined with high institutional holdings, indicates that informed investors are confident in the company's potential, further supporting the stock's rise.