Why is Avantel falling/rising?

As of 30-Sep, Avantel Ltd's stock price is currently at Rs 174.30, experiencing a decline of Rs 4.2, which represents a decrease of 2.35%. The stock has been underperforming recently, having fallen consecutively for the last five days, resulting in a total return of -9.95% over the past week. Today's trading saw the stock reach an intraday low of Rs 171.35, and the volume traded was significantly lower than average, indicating reduced investor participation. Despite the company's strong ability to service debt and healthy long-term growth in net sales, negative quarterly results have raised concerns, with a substantial drop in profit after tax and net sales compared to previous averages. Additionally, the stock's high valuation relative to its peers may deter investors.
In the broader market context, Avantel's recent performance contrasts sharply with the Sensex, which has only declined by 2.23% over the same one-week period. While Avantel has shown positive returns over the longer term, including a 20.10% increase year-to-date, the short-term downturn and negative sentiment in the IT - Hardware sector, which has fallen by 2.05%, contribute to the stock's current struggles. The lack of domestic mutual fund investment further suggests a cautious outlook from institutional investors, potentially impacting the stock's liquidity and overall market confidence.