Why is Sterlite Tech. falling/rising?

As of 16-Jul, Sterlite Technologies Ltd is experiencing a slight increase in its stock price, currently at Rs 114.45, reflecting a change of 0.45 (0.39%) upward. The stock has shown strong performance recently, with a 3-day consecutive gain of 11.17% and a 15.13% increase over the past month, significantly outperforming the Sensex, which has only risen by 1.02% in the same period. Additionally, the stock is trading above all its moving averages and is close to its 52-week high, being only 3.98% away. Positive financial metrics, such as the highest operating profit to interest and net sales ratios, along with increased institutional investor participation, have contributed to the stock's favorable movement, despite a year-over-year profit decline of 9.9%.
In the broader market context, Sterlite Technologies Ltd's recent performance contrasts sharply with the Sensex, which has declined by 1.08% over the past week. This indicates that the stock is gaining traction even as the overall market faces challenges. The significant rise in delivery volume, which increased by 272.46% against the 5-day average, suggests heightened investor interest and confidence in the stock. Furthermore, the increase in institutional stakes indicates a positive outlook from more sophisticated investors, which may bolster retail investor sentiment and support the stock's upward trajectory.