Why is Covance Softsol falling/rising?

As of 24-Jun, Covance Softsol Ltd's stock price is rising, currently at Rs. 16.20, reflecting an increase of Rs. 0.31 or 1.95%. The stock has been on an upward trend, gaining for the last 21 days and achieving a remarkable 50.28% return during this period. It has also reached a new 52-week and all-time high today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company has a low debt-to-equity ratio and impressive growth metrics, with net sales increasing at an annual rate of 66.30% and operating profit soaring by 1081.00%. However, it is worth noting that the stock generated a return of 0.00% over the past year despite a significant profit increase of 870%.
In the broader market context, Covance Softsol's short-term performance significantly outpaces the benchmark, with a 10.20% return over the past week compared to the Sensex's 0.58%. Over the last month, the stock has risen by 53.26%, while the Sensex has only increased by 0.41%. This strong performance is further supported by a substantial rise in investor participation, with delivery volume increasing by 1430.3% against the 5-day average. The stock's liquidity is also favorable, allowing for adequate trading size. Overall, the combination of robust company fundamentals, positive market sentiment, and strong technical indicators contributes to the stock's rising price.