Why is Avantel falling/rising?

As of 21-Jul, Avantel Ltd's stock price is currently at 144.90, reflecting a decline of 6.15 (-4.07%). The stock has been underperforming, having fallen for five consecutive days, with a total return of -7.17% over the past week. Today's performance indicates that it has underperformed its sector by 1.92%, and it reached an intraday low of Rs 143.1. The stock's recent returns show a significant decline of -16.52% over the past year, while its net sales and profits have also decreased compared to previous quarters, with net sales falling by 18.5%. Despite a strong ability to service debt and healthy long-term growth rates, the stock's valuation appears expensive, and the lack of domestic mutual fund investment may indicate a lack of confidence among institutional investors.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark, as the Sensex has only declined by 0.06% over the same week. While the overall market has generated a return of 1.63% over the past year, Avantel's significant negative return of -16.52% highlights its underperformance. The IT-Hardware sector has also seen a decline of 2.22%, contributing to the negative sentiment surrounding the stock. Overall, the combination of poor quarterly results, high valuation concerns, and low investor participation has led to the stock's recent downward trend.