Why is Sterlite Tech. falling/rising?

As of 23-Jul, Sterlite Technologies Ltd is currently priced at Rs 117.95, reflecting a decrease of Rs 1.75 or 1.46%. The stock has recently underperformed its sector by 1.04% and has experienced a trend reversal, falling after two consecutive days of gains. It is currently 3.48% away from its 52-week high of Rs 122.05. Despite a positive performance over the past month with a return of 16.51%, the stock's recent decline is compounded by a significant drop in investor participation, with delivery volume falling by 23.42% against the 5-day average. While the company has shown strong quarterly results, including a 142.8% growth in profit before tax, its profits have decreased by 9.9% over the past year, indicating mixed performance.
In the broader market context, Sterlite Technologies Ltd has outperformed the Sensex over the past week, with a return of 3.06% compared to the benchmark's 0.11%. However, the stock's longer-term performance shows a stark contrast, as it has lagged behind the Sensex over the past three years, with a return of 6.85% compared to the Sensex's 47.54%. The increase in institutional investor participation, which has risen by 0.75% in the last quarter, suggests a level of confidence in the company's fundamentals, yet the recent price decline indicates that retail sentiment may not align with this optimism. Overall, while there are positive indicators, the current price movement reflects a cautious market response to the company's mixed financial performance and declining trading activity.