Why is Covance Softsol falling/rising?

As of 26-Jun, Covance Softsol Ltd is experiencing a price increase, currently at Rs. 16.85, reflecting a change of 0.33 or 2.0% upward. The stock has shown significant performance, gaining 50.45% over the last 21 days and outperforming its sector by 2.06% today. It has also reached a new 52-week and all-time high of Rs. 16.85. The stock's strong performance is supported by a low debt-to-equity ratio and impressive growth in net sales and operating profit, with annual growth rates of 66.30% and 1081.00%, respectively. However, there is a notable decline in investor participation, with delivery volume dropping by 90.83% against the 5-day average, which could indicate potential concerns among investors despite the positive financial indicators.
In the broader market context, Covance Softsol's short-term return of +10.27% over the past week significantly outpaces the Sensex's return of +2.94% during the same period. This strong performance relative to the benchmark suggests that investor sentiment is currently favorable towards Covance Softsol, driven by its solid financial fundamentals and recent price momentum. Nonetheless, the flat results reported in March 2025 may raise caution among some investors, potentially impacting future performance if not addressed.