Why is Bharti Airtel falling/rising?

As of 25-Jun, Bharti Airtel Ltd's stock price is rising, currently at 1,965.55, reflecting an increase of 32.75 or 1.69%. The stock has recently hit a new 52-week and all-time high of Rs. 1970, indicating strong performance. Despite a slight decline in investor participation, with delivery volume falling by 19.74% against the 5-day average, the stock has shown resilience by gaining after two consecutive days of decline. Over the past week, the stock has outperformed the Sensex, with a return of 5.38% compared to the benchmark's 1.61%. Additionally, Bharti Airtel has demonstrated robust long-term growth, with net sales increasing at an annual rate of 14.59% and operating profit growing at 40.18%. The company has consistently delivered positive results for the last five quarters, contributing to its strong buy rating.
In the broader market context, Bharti Airtel's performance has significantly outpaced the benchmark indices, with year-to-date returns of 23.76% compared to the Sensex's 5.91%. This strong performance is supported by the company's substantial market capitalization, which constitutes 82.65% of its sector, and its consistent returns over the last three years. However, there are risks associated with the stock, including a high debt-to-equity ratio of 2.32 times and a slight reduction in promoter confidence, as they have decreased their stake by 0.69%. Despite these concerns, the stock's strong fundamentals and positive growth outlook continue to drive investor interest, contributing to its rising price.