Why is Indus Towers falling/rising?

As of 24-Jun, Indus Towers Ltd is experiencing a price increase, currently trading at Rs 414.75, which reflects a rise of Rs 12.95 or 3.22%. The stock has shown strong performance today, outperforming its sector by 0.59% and reaching an intraday high of Rs 416.8. Over the past week, the stock has gained 5.87%, and it has also demonstrated impressive returns over longer periods, including a 21.38% increase year-to-date and a 22.08% rise over the past year. The company's high management efficiency, indicated by a return on capital employed (ROCE) of 18.42%, along with healthy long-term growth in net sales and operating profit, supports its positive price movement. Additionally, the stock has a significant institutional holding of 44.84%, which has increased by 0.89% in the last quarter, suggesting confidence from larger investors.
In the broader market context, Indus Towers' recent performance stands out as it has outperformed the benchmark Sensex, which has only increased by 0.58% over the past week. The telecommunications equipment sector has also seen a gain of 2.55%, indicating a favorable environment for the industry. Despite a notable drop in investor participation, with delivery volume falling by 64.39% against the 5-day average, the stock remains liquid enough for trading. Overall, the combination of strong fundamentals, institutional support, and market-beating performance contributes to the stock's upward trajectory.