Why is Sterlite Tech. falling/rising?

As of 24-Jul, Sterlite Technologies Ltd is experiencing a decline in its stock price, currently at Rs 114.95, which reflects a decrease of 3.0 points or 2.54%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 3.72%. Today's trading saw the stock touch an intraday low of Rs 114.5, and there has been a significant drop in investor participation, with delivery volume decreasing by 59.12% compared to the five-day average. Although the stock has shown positive returns over longer periods, such as a 14.67% increase over the past month and a 34.24% rise year-to-date, the recent performance indicates a struggle against the backdrop of falling profits, which have decreased by 9.9% over the past year.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 0.09% over the past week. While institutional investors have increased their stake in Sterlite Technologies by 0.75%, indicating some level of confidence in the company's fundamentals, the overall market sentiment appears cautious. The stock is trading at a discount compared to its peers, but the recent negative price movement suggests that investors are reacting to the declining profit trends and reduced trading volumes, overshadowing the positive operating results reported for March 2025.