Why is One 97 falling/rising?

As of 10-Sep, One 97 Communications Ltd's stock price is currently at Rs 1,237.70, reflecting an increase of Rs 18.75 or 1.54%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It is currently 4.77% away from its 52-week high of Rs 1,296.7 and has outperformed its sector by 0.62% today. Over the past month, the stock has risen by 16.52%, significantly outperforming the benchmark Sensex, which has increased by only 1.96%. The company has demonstrated strong long-term fundamental strength, with a notable 23.53% CAGR growth in net sales, and reported impressive quarterly results, including a 137.8% growth in PAT compared to the previous four-quarter average.
Broader market context indicates that while One 97's stock has experienced a decline of 3.93% over the past week, it has outperformed the Sensex, which has gained 1.06% in the same period. The stock's performance over the last year has been particularly strong, with an 89.34% return, contrasting sharply with the Sensex's decline of 0.61%. The high institutional holdings at 70.7% suggest confidence from larger investors, which may contribute to the stock's resilience and upward movement despite recent fluctuations. Overall, the combination of strong financial results, rising investor participation, and a solid long-term performance record supports the stock's current upward trajectory.