Why is One 97 falling/rising?

As of 03-Sep, One 97 Communications Ltd is experiencing a price increase, currently at Rs. 1,288.35, which reflects a rise of Rs. 30.15 or 2.4%. The stock has recently hit a new 52-week high of Rs. 1,291.05 and has shown strong performance, gaining 6.76% over the last three days. Additionally, the stock has outperformed its sector by 1.56% today. Over the past year, it has generated an impressive return of 116.31%, significantly outperforming the Sensex, which has declined by 2.41% during the same period. The company's strong fundamentals, highlighted by a 23.53% CAGR growth in net sales and a substantial increase in PAT and net sales in its latest quarterly results, have contributed positively to its recent price movement.
In the broader market context, One 97 Communications Ltd's short-term performance has been favorable compared to the Sensex, which has seen a slight decline of 0.27% over the past week while the stock itself has risen by 2.78%. Despite a decrease in delivery volume by 15% against the 5-day average, the stock remains liquid enough for trading, indicating continued interest from investors. The high institutional holdings at 70.7% suggest confidence from larger investors, which often reflects a positive outlook on the company's fundamentals. Overall, the combination of strong financial results, positive market sentiment, and outperformance against benchmarks has driven the stock's upward movement.