Why is Tata Comm falling/rising?

As of 02-Jul, Tata Communications Ltd is experiencing a price increase, currently at 1,808.15, reflecting a rise of 79.75 or 4.61%. The stock has been on an upward trend, gaining for the last four days with an overall return of 8.13% during this period. Today, it opened with a gain of 2.99% and reached an intraday high of Rs 1818, which is a 5.18% increase. Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 24.31% compared to the five-day average. The company demonstrates strong fundamentals, including high management efficiency with a return on capital employed (ROCE) of 19.56% and healthy long-term growth, although it has seen a slight decline in profits over the past year.
In the broader market context, Tata Communications has outperformed the benchmark Sensex, which has only increased by 0.79% over the past week, while the stock itself has risen by 8.12%. This indicates a strong relative performance in the short term. The stock's attractive valuation compared to peers and high institutional holdings at 31.5% suggest confidence from knowledgeable investors, which may contribute to its recent price rise. However, the stock has underperformed over the past year with a return of -4.30%, indicating that while current movements are positive, there are underlying challenges that could affect future performance.