Why is Bharti Airtel falling/rising?

As of 09-Jul, Bharti Airtel Ltd's stock price is currently at 2,018.00, reflecting a decrease of 12.3 points or 0.61%. The stock has been experiencing a decline, having fallen for the last two days with a total return of -0.72% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 27.07% increase year-to-date and a remarkable 40.62% rise over the past year. However, the stock is currently 1.36% away from its 52-week high, and there has been a notable drop in investor participation, with delivery volume decreasing by 17.64% compared to the five-day average. While the company has demonstrated healthy long-term growth and consistent returns, the recent decrease in promoter confidence, as evidenced by a 0.69% reduction in their stake, may be contributing to the stock's current downward movement.
In the broader market context, Bharti Airtel's short-term performance has lagged behind the benchmark Sensex, which has gained 0.15% over the past week while the stock itself has declined by 0.59%. This underperformance may reflect broader market sentiments or sector-specific challenges. Despite the stock's strong historical returns and solid operational metrics, including a high operating profit and a low debt-equity ratio, the recent decline in stock price could be influenced by the market's reaction to the decreasing promoter stake and potential concerns about valuation amidst high debt levels. Overall, while the company remains a strong player in its sector, these factors may be weighing on investor sentiment in the short term.