Why is Indus Towers falling/rising?

As of 12-Nov, Indus Towers Ltd is experiencing a price increase, currently at Rs 406.60, reflecting a rise of Rs 6.1 or 1.52%. The stock has shown positive momentum, gaining 1.74% over the last two days and outperforming its benchmarks with a 14.86% increase over the past month and a notable 26.71% increase over the past year. The stock is trading above its moving averages across various time frames, indicating strong performance. However, there has been a significant drop in investor participation, with delivery volume decreasing by 56.75% compared to the 5-day average. Positive factors contributing to this upward movement include high management efficiency, a low Debt to EBITDA ratio, and rising promoter confidence, as promoters have increased their stake in the company, signaling strong belief in future growth.
In the broader market context, Indus Towers has outperformed the Sensex, which has only increased by 1.21% over the past week, compared to the stock's 3.59% gain. This trend of outperforming the market is consistent, as the stock has also surpassed the benchmark in longer time frames, including a 112.38% increase over three years versus a 36.69% rise in the benchmark. The company's strong financials, including significant sales growth and a commanding market position, further bolster its appeal, contributing to the stock's rising price amidst a generally favorable market environment.