Why is ADC India falling/rising?

As of 07-Jul, ADC India Communications Ltd is experiencing a price increase, currently at 1,266.50, reflecting a rise of 14.1 or 1.13%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It outperformed its sector by 3.96% and reached an intraday high of Rs 1279, which is a 2.12% increase. Despite a negative return of -5.70% over the past week, the stock has shown a significant positive return of +20.89% over the past month. However, it has underperformed over the year with a return of -42.19%. The company has a low debt-to-equity ratio and a high dividend yield of 4.39%, which may attract investors despite recent negative quarterly results.
In the broader market context, while the Sensex has only declined by -0.20% over the past week, ADC India’s short-term performance has been notably worse. The telecommunications equipment sector has also faced a downturn, falling by -2.83%. The stock's significant underperformance over the last year, with a return of -42.19% compared to the market's positive return of +6.79%, highlights the challenges it faces. Additionally, the high percentage of pledged promoter shares could exert downward pressure on the stock in a falling market, despite the recent uptick in investor participation and operating profit growth.