Why is Covance Softsol falling/rising?

As of 25-Jun, Covance Softsol Ltd's stock price is rising, currently at Rs. 16.52, reflecting an increase of 0.32 (1.98%). The stock has recently hit a new 52-week and all-time high, outperforming its sector by 0.4%. It has shown impressive performance over the last 21 days, gaining 50.32%, and has outperformed the benchmark Sensex with a 10.21% increase over the past week and a remarkable 56.29% over the past month. The company's low debt-to-equity ratio and strong growth in net sales and operating profit further contribute to its attractive valuation, despite flat results reported in March 2025.
Broader market context indicates that while Covance Softsol has significantly outperformed the Sensex in the short term, the broader market has only seen a 1.61% increase over the past week and a 1.27% increase over the past month. This stark contrast highlights the stock's strong momentum relative to the market. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 85.98% against the 5-day average, which may raise concerns about sustainability in the stock's upward trajectory.