Why is Avantel falling/rising?

As of 01-Jul, Avantel Ltd's stock price is rising, currently at Rs 164.10, reflecting an increase of Rs 5.85 or 3.7%. The stock has outperformed its sector today by 2.84% and has shown consecutive gains over the last two days, rising a total of 4.99% in that period. Additionally, Avantel's performance over the past month has been strong, with a return of 16.76%, although it has underperformed the Sensex, which gained 2.76% in the same timeframe. The company demonstrates a strong ability to service debt with a low Debt to EBITDA ratio of 0.35 times and has healthy long-term growth prospects, as evidenced by a 33.39% annual growth rate in net sales and a 52.79% increase in operating profit. However, the recent quarterly results show significant declines in profit before tax, profit after tax, and net sales compared to previous averages, which raises concerns about its valuation despite a high return on equity of 23.8%.
In the broader market context, while Avantel's short-term performance has been positive, it has still lagged behind the Sensex over the past week, gaining only 1.67% compared to the benchmark's 2.00%. This indicates that while the stock is experiencing upward momentum, it is not keeping pace with the overall market. The falling investor participation, as indicated by a 55.49% drop in delivery volume, could suggest a lack of confidence among investors, which may impact future price movements. Furthermore, the low stake held by domestic mutual funds at 0.57% might reflect their cautious stance on the stock's current valuation, potentially influencing market sentiment negatively.