Why is Bharti Airtel falling/rising?

As of 02-Jul, Bharti Airtel Ltd's stock price is currently at 2,030.05, reflecting an increase of 14.85, or 0.74%. The stock has shown a strong performance recently, gaining 3.28% over the past week and 9.44% over the last month, significantly outperforming the Sensex, which has risen by only 0.79% and 2.50% respectively. Today, the stock hit a new 52-week high of Rs.2045.5 and has been gaining for the last two days, with a total return of 1.1% during this period. Despite a decline in delivery volume by 39.54% compared to the five-day average, the stock remains liquid enough for trading. Positive factors contributing to the stock's rise include consistent growth in net sales and operating profit, outstanding quarterly results, and a strong market position, although concerns about high debt levels and decreasing promoter confidence may temper investor enthusiasm.
In the broader market context, Bharti Airtel's recent performance has been robust compared to the benchmark, as it has outperformed the Sensex in both the short and long term. The stock's year-to-date return of 27.82% and one-year return of 43.11% highlight its strong growth trajectory, especially when compared to the Sensex's 6.75% increase over the same period. While the stock's performance is impressive, the high debt levels and a slight reduction in promoter stake could pose risks that investors should consider. Overall, the stock's upward movement is supported by strong fundamentals and market positioning, despite some underlying concerns.