Why is Avantel falling/rising?

As of 03-Sep, Avantel Ltd's stock price is currently at Rs 162.15, reflecting an increase of Rs 7.65 or 4.95%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 11.29% during this period. It has outperformed its sector by 3.3% today and is trading above all key moving averages, indicating strong momentum. Additionally, the stock's performance over the past week and month shows significant gains of 9.45% and 26.93%, respectively. While the company has a low Debt to EBITDA ratio of 0.35, indicating a strong ability to service debt, it has also reported negative quarterly results, with a 77.1% drop in PAT and a 16.7% decline in net sales compared to previous quarters. This mixed performance suggests that while the stock is currently rising, concerns about its profitability and valuation remain.
Broader market context indicates that Avantel's recent performance stands in stark contrast to the Sensex, which has seen a slight decline of 0.27% over the past week. The stock's year-to-date return of 11.73% also surpasses the Sensex's 3.11% gain, highlighting its relative strength in the market. However, the lack of domestic mutual fund investment, which stands at 0%, may signal caution among institutional investors regarding the stock's valuation, especially given its high Price to Book Value ratio of 18.1. Overall, while Avantel Ltd is experiencing a rise in stock price due to strong short-term performance and investor participation, underlying concerns about its financial results and valuation metrics could temper long-term investor sentiment.