Why is One 97 falling/rising?

As of 11-Jul, One 97 Communications Ltd's stock price is currently at 951.80, reflecting an increase of 10.2, or 1.08%. The stock has shown positive momentum recently, gaining 4.86% over the last two days and outperforming its sector by 2%. Despite touching an intraday low of Rs 917, the stock is trading above its moving averages across various time frames, indicating a bullish trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 128.67% compared to the five-day average. The stock has also demonstrated strong long-term fundamentals, evidenced by a 25.27% CAGR growth in net sales and a notable return of 98.66% over the past year, significantly outperforming the broader market.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark, with a 2.40% increase over the past week while the Sensex has declined by 1.12%. This indicates that One 97 is not only recovering but also gaining traction against a backdrop of a generally weaker market. The high institutional holdings at 69.4% suggest confidence from larger investors, who have increased their stakes, further supporting the stock's upward movement. Overall, the combination of strong fundamentals, positive short-term performance, and rising investor interest contributes to the stock's recent rise.