Why is Bharti Airtel PP falling/rising?

As of 27-Jun, Bharti Airtel Ltd Partly Paidup is experiencing a price increase, currently at Rs 1,539.90, reflecting a rise of 29.9 points or 1.98%. The stock has shown strong performance, gaining 5.81% over the last four days and is currently trading close to its 52-week high, just 3.25% away from Rs 1,589.90. Additionally, the stock has outperformed its sector by 1.3% today and has impressive returns over various periods, including a 30.75% increase year-to-date and a remarkable 398.51% rise over the past three years. However, it is important to note that investor participation has decreased, with delivery volume falling by 13.1% compared to the five-day average, which may indicate some caution among investors.
In the broader market context, Bharti Airtel's short-term performance is significantly stronger than the benchmark Sensex, which has only increased by 2.00% over the past week, while Bharti Airtel has risen by 5.52% in the same period. This outperformance highlights the stock's relative strength in the market. The liquidity of the stock remains adequate, as it is based on 2% of the five-day average traded value, suggesting that it can accommodate trades of Rs 0.43 crore without significant issues. Overall, the combination of strong recent performance and relative outperformance against the benchmark indicates a positive sentiment towards Bharti Airtel, despite the noted decline in investor participation.