Why is Indus Towers falling/rising?

As of 28-Oct, Indus Towers Ltd is experiencing a price increase, currently at Rs 385.75, reflecting a rise of Rs 14.4 or 3.88%. The stock has outperformed its sector by 1.65% today and has shown consistent gains over the last three days, accumulating a total return of 7.53% in that period. It has also touched an intraday high of Rs 386.5. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Additionally, the company has demonstrated robust performance over various time frames, with a 1-month return of 11.34% compared to the Sensex's 5.22%, and a year-to-date return of 12.89% against the benchmark's 8.30%. The rising promoter confidence, with an increase in their stake to 51.03%, along with high management efficiency and healthy long-term growth in net sales and operating profit, further supports the stock's positive movement.
In the broader market context, Indus Towers has significantly outperformed the Sensex in the short term, with a 1-week return of 7.11% compared to the benchmark's modest gain of 0.24%. The telecommunications equipment sector has also seen a gain of 2.21%, contributing to the positive sentiment surrounding the stock. The notable increase in investor participation, with delivery volume rising by 299.42% against the 5-day average, indicates growing interest and confidence in the stock. Overall, the combination of strong company fundamentals, positive market sentiment, and favorable trading conditions has contributed to the rising price of Indus Towers Ltd.