Why is Bharti Airtel PP falling/rising?

As of 08-Jul, Bharti Airtel Ltd Partly Paidup is experiencing a decline in its stock price, currently at Rs 1,540.30, which reflects a decrease of Rs 5.3 or 0.34%. The stock is trading close to its 52-week high, just 3.22% away from Rs 1,589.9. Despite this slight drop, the stock has shown strong performance over various periods, with a year-to-date increase of 30.78% and a one-year return of 49.20%. However, there has been a notable decline in investor participation, with delivery volume falling by 87.86% compared to the five-day average, which may be contributing to the recent price movement.
In the broader market context, Bharti Airtel's short-term return of 0.30% over the past week outperforms the Sensex, which has seen a marginal increase of 0.02%. This indicates that while the stock is facing some downward pressure, it is still performing relatively well compared to the benchmark. The liquidity of the stock remains adequate for trading, suggesting that the decline is not due to a lack of market interest, but rather a temporary fluctuation influenced by reduced trading volume. Overall, the combination of strong historical performance and current market dynamics reflects a complex picture of the stock's recent movement.