Why is ADC India falling/rising?

As of 26-Jun, ADC India Communications Ltd is experiencing a significant rise in its stock price, currently at 1,381.30, reflecting an increase of 116.6 or 9.22%. The stock has shown strong performance today, outperforming its sector by 9.43%, and has been on a consecutive gain streak for the last three days, accumulating returns of 31.39% during this period. The stock opened with a gap up of 6.82% and reached an intraday high of Rs 1425.2, indicating robust trading activity. Despite a year-to-date decline of 15.58% and a one-year drop of 32.86%, the stock has demonstrated impressive long-term growth, with a 322.48% increase over three years and a staggering 910.46% rise over five years. However, the company has faced challenges, including a significant drop in quarterly profit after tax and low operating profit margins, which contribute to its expensive valuation relative to peers.
In the broader market context, ADC India's short-term return of 29.46% over the past week significantly outpaces the Sensex's return of 2.94% during the same period, highlighting strong investor interest despite the stock's previous underperformance. The high dividend yield of 4.35% and low debt-to-equity ratio may also attract investors looking for stability. However, the stock's underperformance over the last year, coupled with 65% of promoter shares being pledged, raises concerns about its long-term sustainability in a falling market. Overall, while the stock is currently rising due to positive short-term momentum and investor participation, underlying financial challenges and market conditions could pose risks moving forward.