Why is Sterlite Tech. falling/rising?

As of 15-Jul, Sterlite Technologies Ltd is experiencing a price increase, currently at Rs 114.00, which reflects a rise of 10.1 or 9.72%. The stock has shown strong performance recently, outperforming its sector by 7.84% today and gaining 10.73% over the last two days. It is also trading close to its 52-week high, just 4.39% away from Rs 119. In terms of returns, the stock has increased by 36.89% over the past month, significantly outpacing the Sensex, which has only risen by 1.79%. Positive financial metrics, such as the highest operating profit to interest ratio and a favorable debtors turnover ratio, indicate solid operational performance, while an increase in institutional investor participation suggests growing confidence in the company's fundamentals.
In the broader market context, Sterlite Technologies Ltd's short-term return of 2.06% over the past week contrasts sharply with the Sensex's decline of 1.36%, highlighting the stock's relative strength. While the stock has performed well recently, it is important to note that its year-to-date return of 33.13% also surpasses the Sensex's 5.67%. However, the stock's long-term performance over three and five years has lagged behind the benchmark, which may indicate potential volatility ahead. Despite the recent positive momentum, the decline in delivery volume by 37% against the five-day average could suggest a decrease in retail investor interest, which may impact future price movements.