Why is Covance Softsol falling/rising?

As of 27-Jun, Covance Softsol Ltd is experiencing a price increase, currently at Rs. 17.18, reflecting a change of 0.33 or 1.96% upward. The stock has shown impressive performance, gaining 50.44% over the last 21 days and outperforming its sector by 2.25% today. Additionally, it has reached a new 52-week and all-time high of Rs. 17.18. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The company benefits from a low debt-to-equity ratio and has demonstrated healthy long-term growth, 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 return of +10.27% over the past week significantly outpaces the Sensex's return of +2.00% in the same period. This strong performance relative to the benchmark suggests that investor sentiment is particularly favorable towards Covance Softsol at this time. The substantial increase in delivery volume, which rose by 1051.38% against the 5-day average, further indicates rising investor participation and liquidity, supporting the stock's upward trajectory. Overall, the combination of strong financial performance, positive market sentiment, and favorable trading conditions contributes to the stock's rising price.