Why is Valiant Commun. falling/rising?

As of 03-Jul, Valiant Communications Ltd is experiencing a price increase, with its current price at Rs 856.30, reflecting a rise of Rs 18.45 or 2.2%. The stock has shown strong performance, gaining 21.46% over the last six days and outperforming its sector by 1.74%. It is currently close to its 52-week high, just 1.42% away from Rs 868.45. Despite opening lower today with a loss of 2.66%, the stock reached an intraday high of Rs 856.35. The company has demonstrated consistent growth, with a significant annual increase in operating profit and net sales, contributing to its positive momentum in the market.
In the broader market context, Valiant Communications has outperformed the Sensex significantly over various periods, including a 19.84% increase over the past week compared to a decline of 0.62% in the benchmark. The stock has shown remarkable long-term growth, with a 649.50% increase over the last three years, while the Sensex has only risen by 57.33% in the same timeframe. However, there has been a decline in investor participation, with delivery volume falling by 16.55% against the five-day average, which could indicate a potential concern for future trading activity. Overall, the stock's strong fundamentals and recent performance have contributed to its rising price, despite some short-term fluctuations.