Why is Bharti Hexacom falling/rising?

As of 01-Jul, Bharti Hexacom Ltd's stock price is currently at Rs 2,006.05, reflecting an increase of Rs 54.6 or 2.8%. The stock has recently achieved a new 52-week and all-time high of Rs 2,051, indicating strong performance today, where it outperformed its sector by 2.27%. The stock has shown impressive returns, with a 1-week increase of 8.10% and a year-to-date rise of 37.68%. Positive financial results have contributed to this upward movement, as the company reported a significant growth in operating profit and net profit, alongside consistent positive results over the last three quarters. However, the stock's valuation is considered expensive, which could pose a risk to its future performance.
In the broader market context, Bharti Hexacom's recent performance has outpaced the benchmark Sensex, which has only increased by 2.00% over the past week. The stock's strong returns of 82.40% over the last year significantly exceed the market's return of 3.20%, highlighting its market-beating performance. This strong investor interest is reflected in the rising delivery volume, which has increased by 11.67% against the 5-day average. Despite the high volatility observed today, the stock's liquidity remains adequate for trading, further supporting its upward trajectory in the market.