Why is Avantel falling/rising?

As of 06-Oct, Avantel Ltd's stock price is rising, currently at 211.35, reflecting an increase of 9.05 or 4.47%. The stock has recently hit a new 52-week high of Rs. 214.5 and has been on an upward trend, gaining 21.26% over the last three days. It has outperformed its sector by 4.02% today and is trading above all key moving averages, indicating strong momentum. The stock has shown impressive returns over various periods, including a 45.63% increase year-to-date and a staggering 1047.36% over the last three years. Additionally, the company demonstrates a strong ability to service its debt with a low Debt to EBITDA ratio of 0.35 times and has achieved a healthy annual net sales growth rate of 32.74%.
In the broader market context, Avantel's short-term performance significantly outpaces the benchmark, with a 1-week return of 18.40% compared to the Sensex's 1.77%. This substantial outperformance highlights investor confidence in Avantel, particularly as it has consistently generated returns that exceed those of the BSE500 over the past three years. The rising investor participation, evidenced by a 523% increase in delivery volume, further supports the stock's upward trajectory, suggesting strong market interest and liquidity. Overall, the combination of robust financial health, positive growth indicators, and favorable market conditions contributes to the stock's rising price.