Why is Bharti Airtel falling/rising?

As of 27-Jun, Bharti Airtel Ltd's stock price is rising, currently at 2,021.95, reflecting an increase of 7.75 (0.38%). The stock has recently hit a new 52-week high of Rs.2038.6 and has shown a strong performance over the last three days, gaining 4.61% during this period. It is trading above all its moving averages, indicating positive momentum. Additionally, the stock has outperformed the benchmark Sensex over various time frames, including a 27.31% increase year-to-date compared to the Sensex's 7.58%. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 14.59% and operating profit rising significantly, which has contributed to its strong buy rating despite concerns regarding high debt levels and a slight reduction in promoter confidence.
Broader market context indicates that while Bharti Airtel has outperformed the Sensex in the short term, it has underperformed its sector by 0.3% today. The overall market sentiment appears to be favorable, as evidenced by rising investor participation and liquidity, which supports the stock's upward movement. Despite the risks associated with high debt and decreasing promoter stakes, the company's consistent returns and strong market position within its sector have bolstered investor confidence, contributing to the stock's recent rise.