Why is One 97 falling/rising?

As of 22-Jul, One 97 Communications Ltd is experiencing a price increase, currently at 1,052.60, reflecting a rise of 34.35 or 3.37%. The stock has shown strong performance recently, gaining 5.37% over the last three days and is only 0.99% away from its 52-week high of Rs 1,063. It has outperformed its sector by 3.58% today and is trading above all key moving averages, indicating positive momentum. The company has reported robust financial results, with net sales reaching their highest at Rs 1,917.50 crore and a significant year-on-year return of 132.72%, far exceeding the broader market's performance.
In the broader market context, the stock's short-term return of 6.43% over the past week contrasts sharply with the Sensex, which has declined by 0.47%. This divergence highlights One 97's strong market position and investor confidence, bolstered by high institutional holdings at 70.7%, which have increased by 1.3% over the previous quarter. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 15.34% against the five-day average, which could indicate potential caution among retail investors despite the stock's positive trajectory.