Why is Avantel falling/rising?

As of 21-Aug, Avantel Ltd's stock price is currently at Rs 141.70, reflecting an increase of Rs 1.95 or 1.4%. The stock has shown a positive trend recently, gaining for the last four consecutive days and achieving a return of 7.27% over the past week. Today's performance aligns with the sector, and the stock reached an intraday high of Rs 143.9. Additionally, the stock's delivery volume has significantly increased, suggesting rising investor participation. However, despite these positive indicators, the company has faced challenges, including a substantial decline in net sales and profit after tax in the most recent quarter, which may contribute to investor caution.
In the broader market context, Avantel's short-term performance has outpaced the benchmark Sensex, which recorded a return of 1.74% over the same one-week period. However, the stock has underperformed over the longer term, with a year-to-date return of -2.36% compared to the Sensex's gain of 4.94%. The company's low debt-to-EBITDA ratio indicates a strong ability to service debt, and its net sales growth suggests potential for long-term growth. Nevertheless, the stock's valuation appears expensive relative to its peers, and the lack of domestic mutual fund investment may reflect a lack of confidence in its current price level.