Why is Avantel falling/rising?

As of 22-Sep, Avantel Ltd's stock price is currently at Rs. 189.75, reflecting an increase of 5.95, or 3.24%. The stock has recently hit a new 52-week high of Rs. 194.4 and has been on a positive trajectory, gaining 7.29% over the last three days. It has outperformed its sector by 5.07% today, and is trading above all key moving averages, indicating strong momentum. Additionally, the stock has demonstrated impressive returns over various periods, including a 27.26% increase over the past month and a staggering 968.46% over the last three years. The company's strong fundamentals, such as a low Debt to EBITDA ratio of 0.35 times and a healthy annual net sales growth rate of 32.74%, contribute to its positive outlook and recent price movement.
In the broader market context, Avantel's short-term performance significantly outpaces the benchmark, with a 7.39% increase over the past week compared to the Sensex's modest 0.46% rise. This stark contrast highlights the stock's strong relative strength in the market. Furthermore, the rising investor participation, evidenced by a 32.98% increase in delivery volume, suggests growing confidence among investors, which is likely fueling the stock's upward movement. Overall, Avantel's consistent returns and robust growth prospects position it favorably against both its sector and the broader market.