Why is Bharti Hexacom falling/rising?

As of 30-Jun, Bharti Hexacom Ltd's stock price is currently at Rs 1,951.45, reflecting a decline of Rs 20.35 or 1.03%. Today's price summary indicates that the stock opened with a loss of 2.69% and reached an intraday low of Rs 1,886.80, which is a drop of 4.31%. Despite this decline, the stock has shown strong performance over the past year, with a return of 74.42%, significantly outperforming the market benchmark, which has only returned 3.95%. The company has reported positive financial results in recent quarters, with a notable growth in net profit and operating profit, contributing to a healthy long-term growth outlook. However, the stock's valuation appears expensive, which may be a factor in the recent price drop.
In the broader market context, Bharti Hexacom's short-term performance over the past week shows a return of 8.90%, which is substantially higher than the Sensex's return of 2.09% during the same period. This indicates that while the stock is experiencing a temporary decline, it has been performing well relative to the market overall. The increase in investor participation, as evidenced by a significant rise in delivery volume, suggests continued interest in the stock despite its recent price movement. The combination of strong historical performance and current market dynamics indicates that the stock may be facing short-term volatility while maintaining a positive long-term outlook.