Why is Avantel falling/rising?

As of 05-Sep, Avantel Ltd's stock price is rising, currently at Rs 176.85, reflecting an increase of Rs 17.85 or 11.23%. Today's price summary indicates that the stock has outperformed its sector by 11.47%, reaching an intraday high of Rs 180.2, which is a 13.33% increase. The stock has shown strong performance over various periods, with a 1-week return of 18.14% and a year-to-date return of 21.86%. Despite a recent dip in quarterly earnings, the company's strong ability to service debt, as indicated by a low Debt to EBITDA ratio of 0.35, and healthy long-term growth with net sales increasing at an annual rate of 32.74%, have contributed positively to its recent price movement.
In the broader market context, Avantel's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.13% over the past week. This stark contrast highlights the stock's strong momentum relative to the market. However, it is important to note that domestic mutual funds hold no stake in the company, which may suggest a lack of confidence in its valuation despite its recent price rise. Overall, while the stock has shown resilience and growth potential, the mixed signals from its financial performance and investor sentiment could influence future movements.