Why is Avantel falling/rising?

As of 23-Sep, Avantel Ltd's stock price is rising, currently at Rs. 193.55, reflecting an increase of Rs. 3.8 or 2.0%. The stock has recently hit a new 52-week high of Rs. 196.4 and has shown strong performance, gaining 9.44% over the last four days. It has outperformed its sector by 2.55% today and is trading above all key moving averages, indicating positive momentum. Additionally, the stock has demonstrated impressive returns over various periods, including a 29.81% increase over the past month and a staggering 1000.93% rise over the last three years. The company's strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.35 times, along with a healthy annual growth rate of 32.74% in net sales, supports its recent upward movement.
In the broader market context, Avantel's short-term performance contrasts sharply with the Sensex, which has declined by 0.34% over the past week. This divergence highlights the stock's resilience and attractiveness to investors, particularly given its consistent returns over the last three years, where it has outperformed the BSE500 in each annual period. The rising investor participation, with a significant increase in delivery volume, further underscores the stock's liquidity and appeal in the current market environment.