Why is Avantel falling/rising?

As of 18-Aug, Avantel Ltd's stock price is currently at 132.95, reflecting an increase of 0.85, or 0.64%. The stock has shown a trend reversal by gaining after two consecutive days of decline, although it has underperformed its sector by 1.03%. In terms of returns, the stock has increased by 3.87% over the past week, but it has significantly underperformed over the longer term, with a decline of 11.98% in the last month and 21.82% over the past year. Despite a healthy long-term growth rate in net sales of 32.74% and a strong ability to service debt indicated by a low Debt to EBITDA ratio of 0.35, the recent negative quarterly results, including a 77.1% drop in PAT and a 16.7% decline in net sales, have raised concerns about the company's performance. Additionally, the lack of domestic mutual fund investment may suggest a lack of confidence in the stock's valuation.
Broader market context indicates that while Avantel's stock has experienced a short-term gain, it has still underperformed the broader market, which has seen a modest decline of 1.14% over the past year. The Sensex has only fallen by 0.59% in the last month, highlighting the stark contrast between Avantel's performance and that of the benchmark. This underperformance, combined with the company's recent negative financial results and low investor participation, suggests that market sentiment remains cautious regarding Avantel's future prospects.