Why is Valiant Commun. falling/rising?

As of 27-Jun, Valiant Communications Ltd's stock price is rising, currently at Rs 750.25, reflecting an increase of Rs 35.7 or 5.0%. The stock has recently hit a new 52-week and all-time high today, outperforming its sector by 5.63%. It has shown a strong performance over the last two days with a cumulative gain of 6.42%. Additionally, the stock has demonstrated impressive returns over various periods, including a 35.98% increase year-to-date and a staggering 620.36% rise over the past three years. The company maintains a low debt-to-equity ratio and has reported significant growth in operating profit, which has contributed positively to investor sentiment.
In the broader market context, Valiant Communications has outperformed the Sensex, which has only increased by 2.00% over the past week, while Valiant's stock has surged by 13.67% in the same timeframe. This strong relative performance highlights the stock's resilience and attractiveness to investors. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping significantly. Despite this, the stock's liquidity remains adequate, and its consistent returns over the past three years further bolster its appeal in the market.