Why is Optiemus Infra falling/rising?

As of 11-Sep, Optiemus Infracom Ltd is experiencing a price increase, currently at 634.50, reflecting a rise of 7.5 or 1.2%. The stock has shown positive momentum today, outperforming its sector by 1.49% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 640, indicating strong buying interest. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bullish trend. Over the past week, the stock has gained 4.75%, and it has delivered a return of 12.70% over the last year, significantly outperforming the BSE500 in each of the last three annual periods. The company's net sales have grown at an annual rate of 44.23%, and it is trading at a discount compared to its peers, contributing to its healthy long-term growth outlook.
In the broader market context, the stock's short-term performance of 4.75% over the past week significantly outpaces the Sensex's return of 1.03% during the same period. This indicates that investor sentiment towards Optiemus Infracom Ltd is particularly strong compared to the overall market. The rising investor participation, evidenced by a 15.64% increase in delivery volume, further supports this positive sentiment. While the stock has a year-to-date decline of 9.51%, the consistent returns over the last three years and a fair valuation based on its Price to Book Value suggest that the recent price movement may be a correction towards its intrinsic value, bolstered by solid fundamentals and growth prospects.