Why is Sterlite Tech. falling/rising?

As of 03-Jul, Sterlite Technologies Ltd is experiencing a price increase, currently at Rs 113.65, reflecting a rise of 1.65 (1.47%). The stock has been gaining momentum, having risen 7.42% over the last three days and is currently trading close to its 52-week high, just 4.71% away from Rs 119. It is also performing well against its moving averages, trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Positive financial results, including significant growth in profit before tax and profit after tax, have contributed to this upward movement. Additionally, there has been an increase in institutional investor participation, which may indicate growing confidence in the stock despite its long-term fundamental weaknesses.
In the broader market context, Sterlite Technologies Ltd has outperformed the benchmark Sensex over the past week, with a return of +10.25% compared to the Sensex's -0.62%. Over the past month, the stock has shown a remarkable return of +55.11%, while the Sensex has only gained +3.10%. This strong performance relative to the benchmark suggests that investor sentiment towards Sterlite Technologies is positive, driven by recent operational improvements and increased institutional interest, despite concerns regarding its long-term profitability and high debt levels.