Why is One 97 falling/rising?

As of 01-Sep, One 97 Communications Ltd is experiencing a price increase, currently at Rs 1,235.45, reflecting a rise of Rs 28.65 or 2.37%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it is currently 4.49% away from its 52-week high of Rs 1,290.95. In terms of performance, the stock has outperformed its sector by 0.76% today and has demonstrated strong long-term fundamental strength, with a 23.53% CAGR growth in net sales. The company recently declared positive quarterly results, with a significant increase in profit after tax and net sales, contributing to investor confidence. Additionally, high institutional holdings at 70.7% indicate strong backing from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, the stock's performance over the past week has been a decline of 3.19%, while the benchmark Sensex has decreased by 1.56%, indicating that the stock has underperformed in the short term relative to the market. However, over the past month, One 97 has risen by 14.84%, significantly outperforming the Sensex, which has only seen a slight decline of 0.29%. This strong performance over a longer time frame, including a 98.69% return over the past year, suggests that despite recent fluctuations, the stock remains robust compared to the broader market trends.