Why is Avantel falling/rising?

As of 15-Sep, Avantel Ltd's stock price is currently at Rs 176.70, reflecting an increase of Rs 2.7, or 1.55%. The stock has shown a strong performance recently, gaining 5.49% over the last two days and outperforming its sector by 1.58% today. It has also demonstrated impressive returns over various periods, including a 34.17% increase over the past month and an extraordinary 878.57% rise over the last three years. Despite some negative financial results reported for June, such as a significant drop in PAT and net sales, the company maintains a low Debt to EBITDA ratio and has a healthy long-term growth trajectory with net sales growing at an annual rate of 32.74%. However, the lack of domestic mutual fund investment may indicate some caution regarding the stock's valuation.
In the broader market context, Avantel's recent performance has outpaced the benchmark Sensex, which has only increased by 1.24% over the past week. This indicates that investor sentiment towards Avantel is relatively positive compared to the overall market. The stock's ability to consistently outperform the BSE500 over the last three years further supports its strong position. Despite the recent decline in investor participation, as indicated by a drop in delivery volume, the stock's liquidity remains sufficient for trading, suggesting that it is still attracting interest from investors.