Why is Valiant Commun. falling/rising?

As of 07-Jul, Valiant Communications Ltd is experiencing a decline in its stock price, currently at Rs 880.00, which reflects a decrease of Rs 6.85 or 0.77%. Despite this drop, the stock has shown strong performance over the past week, gaining 11.71%, and has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.20%. The stock is currently just 1.19% away from its 52-week high of Rs 890.5, but it opened with a loss of 2% today and reached an intraday low of Rs 869.15. The stock has been trading above its moving averages for various periods, indicating a generally positive trend prior to today's performance. Additionally, the company has demonstrated healthy growth metrics, including a 67.03% annual increase in operating profit and a significant rise in net sales, which reached Rs 16.12 crore.
In the broader market context, while Valiant Communications has shown impressive returns year-to-date at 59.49% and over the past three years at 639.50%, the telecommunications equipment sector has faced a downturn, with a decline of 2.83%. This sector-wide performance may be influencing investor sentiment negatively, contributing to today's price drop. Furthermore, despite the recent decline, the stock's liquidity remains adequate, with a notable increase in delivery volume, suggesting continued investor interest. Overall, while the stock has faced a short-term setback, its strong historical performance and growth indicators suggest a resilient position in the market.