Why is Tata Comm falling/rising?

As of 10-Oct, Tata Communications Ltd is experiencing a significant rise in its stock price, currently at Rs 1,870.85, reflecting an increase of Rs 173.8 or 10.24%. The stock has shown strong performance recently, gaining 16.13% over the last six days and outperforming its sector by 9.88% today. It reached an intraday high of Rs 1,948, indicating robust trading activity, although it has also traded in a wide range of Rs 250. Despite a decrease in delivery volume by 48.96% against the 5-day average, the stock remains liquid enough for trading. The company has a high return on capital employed (ROCE) of 19.60% and is trading at a discount compared to its peers, which supports its valuation and may attract investor interest.
In the broader market context, Tata Communications has outperformed the Sensex significantly over the past week, with a return of 16.09% compared to the benchmark's 1.59%. Over the last month, the stock has also shown a strong return of 18.21%, while the Sensex has only increased by 1.32%. This trend suggests that investor sentiment towards Tata Communications is positive, bolstered by high institutional holdings of 31.99%, which indicates confidence from more knowledgeable investors. However, the stock's one-year performance remains negative at -4.23%, contrasting with the Sensex's positive return of 1.09%, highlighting potential volatility and the need for cautious optimism moving forward.