Why is Avantel falling/rising?

As of 23-Jun, Avantel Ltd's stock price is currently at Rs 163.35, reflecting an increase of Rs 8.35 or 5.39%. The stock has shown strong performance recently, with a consecutive gain over the last three days, resulting in a total return of 6.73% during this period. It has outperformed its sector by 5.71% today and is trading above all key moving averages, indicating positive momentum. However, despite these gains, the company has reported a significant decline in profit before tax and net sales compared to previous quarters, which could raise concerns among investors. The low debt to EBITDA ratio suggests a strong ability to service debt, but the high valuation metrics, such as a Price to Book Value of 18.2, may deter some investors.
In the broader market context, Avantel's one-week return of 4.34% significantly outpaces the Sensex's modest gain of 0.12%, indicating strong relative performance. Over the past month, Avantel has risen by 27.67%, while the benchmark has only increased by 0.22%. This stark contrast highlights the stock's recent strength in a generally stable market. However, the falling investor participation, with a notable drop in delivery volume, suggests that while the stock is currently rising, there may be underlying caution among investors regarding its long-term prospects, particularly given the mixed financial performance indicators.