Why is Avantel falling/rising?

As of 04-Aug, Avantel Ltd's stock price is currently at 130.65, reflecting an increase of 2.87, or 2.25%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 2.43% during this period. Today, it opened with a gain of 2.25% and reached an intraday high of Rs 132, indicating strong short-term performance. However, despite this recent uptick, the stock has underperformed over the past month, with a decline of 18.01%, and a significant drop of 30.46% over the past year. The company's financial health is somewhat mixed; while it has a strong ability to service debt with a low Debt to EBITDA ratio of 0.35 times and healthy long-term growth in net sales, it also reported negative results in its latest quarter, with a substantial drop in profit and net sales compared to previous averages. Additionally, the stock is considered expensive with a high Price to Book Value ratio, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation.
In the broader market context, Avantel's recent performance has outpaced the sector by 1.28%, but it has still lagged behind the benchmark, the Sensex, which has only declined by 2.89% over the past month. While the stock has shown some resilience in the short term, its long-term performance remains concerning, with a year-to-date decline of 9.98% compared to the Sensex's gain of 3.69%. This underperformance in the longer term, coupled with falling investor participation and trading below key moving averages, suggests that while there may be short-term gains, the overall sentiment towards Avantel remains cautious.