Why is Bharti Airtel falling/rising?

As of 04-Jul, Bharti Airtel Ltd is currently priced at 2,018.40, reflecting a decrease of 2.2 points or 0.11%. The stock has been experiencing a slight decline, having fallen for the last two days and showing a total return of -0.57% during this period. Despite this recent downturn, the stock has performed well over the longer term, with a 1-month return of 7.65%, a year-to-date return of 27.09%, and a remarkable 41.81% increase over the past year. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 20.86% compared to the 5-day average. Additionally, while the company has shown strong long-term growth with significant increases in net sales and operating profit, the recent reduction in promoter confidence, indicated by a 0.69% decrease in their stake, may be contributing to the stock's current price movement.
In the broader market context, Bharti Airtel's short-term performance has outpaced the benchmark Sensex, which has declined by 0.74% over the past week. The stock's liquidity remains adequate, allowing for trades of substantial size, and it continues to trade above its moving averages, suggesting a generally positive trend despite the recent price drop. The company's strong fundamentals, including consistent returns and high ratings from MarketsMojo, contrast with the risks posed by high debt levels and reduced promoter confidence, which may be influencing investor sentiment and contributing to the stock's current decline.