Why is Bharti Airtel PP falling/rising?

As of 02-Jul, Bharti Airtel Ltd Partly Paidup is experiencing a price increase, currently at Rs 1,546.80, which reflects a rise of 11.1 points or 0.72%. The stock has been gaining for the last two days, with a total return of 1.05% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock has shown impressive returns over various periods, including a 31.34% increase year-to-date and a 51.51% rise over the past year. However, it is important to note that there has been a significant decline in investor participation, with delivery volume falling by 46.04% compared to the 5-day average, which may indicate a potential concern for future price stability.
In the broader market context, Bharti Airtel's short-term performance has outpaced the benchmark Sensex, with a 3.81% return over the past week compared to the Sensex's 0.79% increase. This strong performance relative to the benchmark suggests that investor sentiment towards Bharti Airtel remains positive despite the drop in delivery volume. The stock is also close to its 52-week high, being only 2.79% away from Rs 1,589.9, which may contribute to bullish sentiment among investors. Overall, while the stock is rising, the decrease in investor participation could be a factor to monitor moving forward.