Why is Valiant Commun. falling/rising?

As of 25-Jul, Valiant Communications Ltd's stock price is currently at 906.80, reflecting an increase of 9.8 points or 1.09%. The stock has been on an upward trend, gaining for the last three days and showing a return of 3.63% over the past week. It is also close to its 52-week high, just 2.56% away from Rs 930. The company's recent performance has been strong, with net sales growing by 34.2% and operating profit reaching its highest levels. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals. However, there has been a decline in delivery volume, which may suggest a decrease in retail investor participation.
In the broader market context, Valiant Communications has significantly outperformed the benchmark Sensex, which has declined by 0.36% over the past week, while Valiant's stock has risen by 3.63%. This trend is consistent with its year-to-date performance, where it has gained 64.35% compared to the Sensex's 4.25%. The telecommunications equipment sector has faced a downturn, falling by 2.18%, yet Valiant has managed to rise amidst this broader market weakness. Overall, the stock's strong returns and positive institutional interest contrast with the sector's challenges, contributing to its recent price increase.