Why is Avantel falling/rising?

As of 24-Sep, Avantel Ltd's stock price is currently at Rs 186.75, reflecting a decrease of Rs 6.8 or 3.51%. Today's price summary indicates that the stock has underperformed its sector by 1.34% and has experienced a trend reversal after four consecutive days of gains, hitting an intraday low of Rs 185.3. Despite this decline, the stock has shown strong performance over the past week, month, and year, with returns of 5.60%, 25.25%, and 14.28% respectively, significantly outperforming the benchmark Sensex in these periods. The company maintains a low Debt to EBITDA ratio of 0.35 times, indicating a strong ability to service debt, and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 32.74%.
In the broader market context, while Avantel's recent performance has been strong, the IT - Hardware sector has seen a decline of 2.72%, which may be contributing to the stock's current downward movement. The stock's recent performance has outpaced the Sensex, particularly over the longer term, with a staggering 962.26% increase over three years compared to the benchmark's 40.65%. However, the current dip may reflect a temporary correction after a period of significant gains, coupled with a broader sector downturn. Despite the recent price drop, the stock remains liquid enough for trading, with rising investor participation noted in the delivery volume.