Why is Avantel falling/rising?

As of 20-Aug, Avantel Ltd's stock price is currently at 139.75, reflecting an increase of 6.75 or 5.08%. The stock has been on an upward trend, gaining for three consecutive days with a total return of 5.79% during this period. It has outperformed its sector by 4.15% today and reached an intraday high of Rs 140.4. However, despite this recent positive movement, the stock has experienced a decline of 7.48% over the past month and a significant drop of 19.71% over the last year. The company's strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.35 times, and healthy long-term growth with net sales increasing at an annual rate of 32.74% provide some positive context. Nevertheless, negative quarterly results, including a 77.1% drop in PAT and a 16.7% decline in net sales, along with a very expensive valuation relative to peers, contribute to a cautious outlook.
Broader market context indicates that while Avantel has outperformed the Sensex in the short term, with a 4.88% return over the past week compared to the Sensex's 1.64%, it has underperformed over longer periods. The stock's year-to-date return of -3.71% contrasts sharply with the Sensex's gain of 4.76%, highlighting its struggles in the broader market. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence from institutional investors, potentially impacting the stock's liquidity and overall market perception.