Why is Valiant Commun. falling/rising?

As of 30-Jun, Valiant Communications Ltd is experiencing a price increase, currently at Rs 787.75, which reflects a rise of 37.5 or 5.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 2.52%. Over the past three days, it has gained 11.74%, and it opened with a gain of 2.23% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company has demonstrated healthy long-term growth with an operating profit growth rate of 67.03%, and it has consistently generated returns, outperforming the BSE 500 over the last three years.
In the broader market context, Valiant Communications has significantly outperformed the Sensex, with a 1-week return of 13.67% compared to the Sensex's 2.09%, and a year-to-date return of 42.77% against the Sensex's 7.00%. This strong performance is supported by rising investor participation, as evidenced by a 42.15% increase in delivery volume. The telecommunications equipment sector has also seen gains, contributing to the positive sentiment around the stock. Overall, the combination of strong financial performance, positive market trends, and investor confidence has led to the stock's upward movement.