Why is Bharti Airtel PP falling/rising?

As of 23-Jul, Bharti Airtel Ltd Partly Paidup is experiencing a price increase, with the current price at Rs 1,478.00, reflecting a rise of Rs 36.85 or 2.56%. The stock has shown strong performance recently, gaining 3% over the last two days and outperforming its sector by 0.73%. Over the past week, the stock has increased by 1.77%, and year-to-date, it has risen by 25.49%. However, there is a notable decline in investor participation, with delivery volume dropping by 85.12% against the 5-day average, which may indicate a potential concern for sustained momentum. Additionally, while the stock is trading above its 5-day, 50-day, 100-day, and 200-day moving averages, it is below the 20-day moving average, suggesting mixed signals regarding its short-term trend.
In the broader market context, Bharti Airtel's recent performance has outpaced the Sensex, which has only gained 0.11% over the past week. The stock's year-to-date return of 25.49% significantly exceeds the Sensex's 5.87%, highlighting its strong relative strength in the market. The stock's ability to maintain upward momentum despite falling delivery volumes may indicate underlying investor confidence, but the reduced participation could pose risks to its continued rise. Overall, while the stock is currently on an upward trajectory, the decline in trading volume warrants attention as it may affect future price movements.