Why is Bharti Airtel falling/rising?

As of 07-Jul, Bharti Airtel Ltd's stock price is rising, currently at 2,032.55, reflecting an increase of 14.15 (0.7%). The stock has shown a positive trend, gaining after two consecutive days of decline, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. It is also close to its 52-week high, just 0.64% away from Rs 2045.5. Over the past week, the stock has outperformed the Sensex, with a return of +1.23% compared to the benchmark's -0.20%. The company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 14.59% and operating profit at 40.18%. 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 last quarter.
In the broader market context, while Bharti Airtel has shown a robust year-to-date return of +27.98%, the Sensex has only increased by +6.79% during the same period. This indicates that Bharti Airtel is outperforming the broader market significantly. Despite the positive performance, the stock's recent rise is tempered by a notable decline in investor participation, with delivery volume dropping by -61.49% against the 5-day average. Overall, while the stock is benefiting from strong fundamentals and market position, the high debt levels and reduced promoter confidence could pose risks to its continued upward momentum.