Why is Avantel falling/rising?

As of 19-Aug, Avantel Ltd's stock price is currently at 133.00, reflecting a slight increase of 0.05 (0.04%). Despite this minor uptick, the stock has underperformed its sector by 1.57% today and has seen a decline of 11.95% over the past month. The stock has been gaining for the last two days, with a total return of 0.68% during this period. However, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating potential weakness. The company's recent financial performance has been concerning, with a significant drop in PAT and net sales in the last quarter, alongside a very high Price to Book Value ratio suggesting overvaluation. Additionally, the lack of investment from domestic mutual funds may indicate a lack of confidence in the stock's future performance.
In the broader market context, Avantel's performance has been notably poor compared to the Sensex, which has gained 1.76% over the past week. The stock's year-to-date return is down 8.36%, while the benchmark has increased by 4.49%. This stark contrast highlights the stock's struggle to attract investor interest, especially given its substantial decline of 22.89% over the past year compared to the market's minor negative return of -0.91%. Overall, the combination of disappointing financial results, high valuation concerns, and weak investor participation contributes to the stock's ongoing challenges in the market.