Why is Bharti Airtel falling/rising?

As of 01-Jul, Bharti Airtel Ltd is experiencing a price increase, currently at 2,015.20, reflecting a rise of 7.3 points or 0.36%. The stock is trading close to its 52-week high, just 1.16% away from Rs 2038.6, and is performing well above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 4.26%, and over the past month, it has risen by 8.53%, significantly outperforming the Sensex, which has increased by only 2.00% and 2.76% in the same periods, respectively. The company has shown strong financial performance, with a 14.59% annual growth in net sales and a remarkable 40.18% increase in operating profit. However, there are concerns regarding high debt levels and a slight decrease in promoter confidence, as they have reduced their stake by 0.69%.
In the broader market context, Bharti Airtel's strong performance is evident as it has consistently outperformed the BSE500 over the last three years, generating a return of 38.67% in the past year compared to the benchmark's 5.31%. The stock's liquidity is also favorable, with a delivery volume increase of 2.06% against the 5-day average. Despite the positive indicators, the high debt-to-equity ratio and the expensive valuation relative to its peers may pose risks. Nonetheless, the overall strong financial results and consistent returns contribute positively to investor sentiment, supporting the stock's upward movement.