Why is Sterlite Tech. falling/rising?

As of 02-Jul, Sterlite Technologies Ltd is experiencing a price increase, currently at Rs 112.00, reflecting a change of 3.05 (2.8%) upward. The stock has shown strong performance recently, with a 1-week return of +11.73% and a 1-month return of +52.61%, significantly outperforming the Sensex, which has only increased by +0.79% and +2.50% in the same periods, respectively. Today's trading has also been favorable, with the stock outperforming its sector by 2.99% and achieving a consecutive gain over the last two days, resulting in a total return of 5.86%. However, there has been a decline in investor participation, with delivery volume decreasing by 9.24% against the 5-day average, which could indicate a potential concern for sustained momentum. Positive factors contributing to the stock's rise include strong quarterly results, with significant growth in profit before tax and profit after tax, as well as an increase in institutional investor participation, which suggests confidence in the company's fundamentals.
In the broader market context, Sterlite Technologies Ltd's recent performance has been notably strong compared to the benchmark, with its short-term returns vastly exceeding those of the Sensex. While the stock has shown impressive gains, it is important to note that its long-term fundamentals are weaker, with a -29.36% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 4.18 times. This indicates potential risks that could affect future performance, despite the current upward trend. The stock is trading at a discount compared to its peers, which may attract investors, but the overall low return on equity suggests caution for long-term investors.