Why is One 97 falling/rising?

As of 23-Jul, One 97 Communications Ltd is experiencing a price increase, with its current price at Rs 1,070.95, reflecting a change of Rs 18.35 or 1.74% upward. The stock has recently hit a new 52-week high of Rs 1,090 and has outperformed its sector by 1.2%. Over the last four days, the stock has gained 7.2%, and it opened with a gain of 3.55% today. The stock is trading above all key moving averages and has seen a significant increase in delivery volume, indicating rising investor participation. Additionally, the company has demonstrated strong long-term fundamental strength, with a 25.27% CAGR growth in net sales, and reported positive quarterly results, which have contributed to the stock's upward momentum.
In the broader market context, One 97's short-term performance has significantly outpaced the benchmark, with a 1-week return of 6.62% compared to the Sensex's mere 0.11%. Over the past month, the stock has risen by 21.21%, while the benchmark has only increased by 1.01%. This market-beating performance, alongside high institutional holdings at 70.7%, suggests that informed investors are confident in the company's prospects, further supporting the stock's rise. The combination of strong financial results, positive investor sentiment, and favorable trading conditions has positioned One 97 Communications Ltd favorably in the market.