Why is Sterlite Tech. falling/rising?

As of 18-Jul, Sterlite Technologies Ltd is experiencing a decline in its stock price, currently at Rs 115.30, down by Rs 2.9 or 2.45%. The stock has underperformed its sector by 1.48% today and has seen a trend reversal after four consecutive days of gains, touching an intraday low of Rs 114.15. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 12.00% and 9.36%, respectively. Additionally, the stock is trading above its moving averages across various timeframes, indicating a generally positive trend. However, it is important to note that while the stock has generated a return of 7.88% over the past year, its profits have decreased by 9.9%. The increase in institutional investor participation, with a 0.75% rise in their stake, suggests a level of confidence in the company's fundamentals, although the recent price drop may reflect short-term market reactions.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.90% over the past week, Sterlite Technologies Ltd's short-term performance has been significantly stronger. The stock's ability to outperform the benchmark in the short term, alongside rising investor participation, indicates a potential divergence in investor sentiment. However, the overall market context remains cautious, as the stock's recent price movement reflects a correction after a period of gains, which could be influenced by broader market trends or sector-specific challenges.