Why is Avantel falling/rising?

As of 09-Jul, Avantel Ltd's stock price is currently at Rs 162.15, reflecting an increase of Rs 3.45 or 2.17%. The stock has outperformed its sector today by 3.32%, reaching an intraday high of Rs 164.5, which is a 3.65% increase. Over the past week, Avantel has shown a return of +1.12%, while its year-to-date performance stands at +11.73%. However, the company has experienced a significant decline in its quarterly performance, with a 61.1% drop in profit after tax compared to the previous four-quarter average and an 18.5% decrease in net sales. Despite a strong ability to service debt and healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive, and its recent underperformance in the market raises concerns.
Broader market context indicates that while Avantel has shown positive short-term returns, it has significantly underperformed the broader market over the past year, with a return of -20.35% compared to the BSE500's 1.43%. This underperformance may be contributing to the cautious sentiment among investors, as reflected in the falling delivery volume, which has decreased by 42.45% against the five-day average. Additionally, the low stake held by domestic mutual funds, at only 0.57%, suggests a lack of confidence in the stock's current valuation, further impacting its price movement.