Why is Sterlite Tech. falling/rising?

As of 14-Nov, Sterlite Technologies Ltd is experiencing a price increase, currently at Rs 118.75, reflecting a rise of 1.8 or 1.54%. The stock has shown strong performance recently, outperforming its sector by 1.27% today and achieving a consecutive gain over the last two days with a total return of 5.27%. It has also reached an intraday high of Rs 120.4. The stock is trading above all its moving averages, indicating a positive trend. Additionally, the company has reported positive results for the last three consecutive quarters, with a significant growth in profit after tax, and has seen an increase in institutional holdings, which suggests confidence from larger investors.
In the broader market context, Sterlite Technologies has outperformed the benchmark Sensex over various periods, including a 3.58% increase over the past week compared to the Sensex's 1.62%. Year-to-date, the stock has generated a return of 38.67%, significantly higher than the Sensex's 8.22%. However, it is important to note that the company faces challenges with long-term fundamental strength, including a negative compound annual growth rate in operating profits over the last five years and a high debt-to-EBITDA ratio. Despite these concerns, the recent positive performance and rising investor participation have contributed to the stock's upward movement.