Why is Tata Comm falling/rising?

As of 09-Oct, Tata Communications Ltd is experiencing a price increase, currently at 1,701.40, reflecting a rise of 13.95 or 0.83%. The stock has shown strong performance recently, gaining 5.61% over the past week and outperforming its sector by 0.87% today. It has been on a consecutive gain streak for the last five days, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 211.4% compared to the 5-day average. Despite a year-to-date return of -0.12% and a one-year return of -12.76%, the company has shown a profit increase of 1.8%, indicating a potential for recovery. The stock is also trading at a discount compared to its peers, supported by high management efficiency and institutional holdings at 31.99%.
In the broader market context, Tata Communications' short-term return of +5.61% over the past week significantly outpaces the Sensex, which has only increased by 1.47% in the same period. This suggests that the stock is gaining traction relative to the overall market. While the stock has underperformed over the longer term, as indicated by its negative returns over one year and year-to-date, the recent positive momentum and rising investor interest may signal a shift in market sentiment towards the stock. The combination of attractive valuations and high institutional ownership could further bolster investor confidence, contributing to the stock's upward movement.