Why is ADC India falling/rising?

As of 25-Jun, ADC India Communications Ltd is experiencing a significant rise in its stock price, currently at 1,264.70, reflecting an increase of 210.75 or 20.0%. The stock has outperformed its sector by 19.09% today and has shown a consecutive gain over the last two days, accumulating a total return of 20.3% during this period. Despite this positive movement, the stock has underperformed over the past month with a decline of 2.64% and a year-to-date drop of 22.71%. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth with an annual operating profit increase of 49.49%. However, negative results reported for the quarter ending March 25, including a 58.5% fall in PAT and the lowest operating profit to net sales ratio, have raised concerns about its valuation, which is considered expensive relative to its peers.
In the broader market context, ADC India has outperformed the benchmark Sensex in the short term, with a weekly return of 18.26% compared to the Sensex's 1.61%. However, the stock has significantly underperformed over the past year, with a return of -34.63% against the Sensex's 6.02%. The high volatility observed today, with an intraday volatility of 8.57%, coupled with a substantial drop in delivery volume, indicates fluctuating investor sentiment. Additionally, the fact that 65% of promoter shares are pledged could exert downward pressure on the stock in a falling market, further complicating its outlook despite the recent gains.