Why is Sterlite Tech. falling/rising?

As of 03-Sep, Sterlite Technologies Ltd is experiencing a price increase, currently at Rs 110.90, reflecting a rise of 2.95 (2.73%). Today's performance indicates a trend reversal as the stock has gained after seven consecutive days of decline. It outperformed its sector by 2.98%, reaching an intraday high of Rs 111. The stock's delivery volume has also increased by 14.87% compared to the five-day average, suggesting rising investor participation. Despite a negative return of -12.30% over the past week, the stock has shown a year-to-date return of +29.51%, indicating strong performance relative to its historical performance and profitability metrics, including a significant growth in net sales and profits.
Broader market context shows that while the stock has faced short-term challenges, it has still managed to outperform the benchmark, the Sensex, which has seen a minimal decline of -0.27% over the past week. The stock's ability to generate a return of 12.44% over the past year, in contrast to the broader market's negative returns of -4.38%, highlights its resilience. This performance, combined with positive financial results in recent quarters and a favorable valuation compared to peers, supports the stock's upward movement despite its recent volatility.