Why is Covance Softsol falling/rising?

As of 01-Jul, Covance Softsol Ltd's stock price is rising, currently at Rs. 17.87, reflecting an increase of 0.35 (2.0%). The stock has been on an upward trend, gaining for the last 21 days and achieving a remarkable 50.55% return during this period. It has also reached a new 52-week and all-time high today. The stock has outperformed its sector by 2.5% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, with delivery volume dropping by 98.6% against the 5-day average. The company benefits from a low debt-to-equity ratio and impressive long-term growth, with net sales increasing at an annual rate of 66.30% and operating profit soaring at 1081.00%. Despite flat results in March 2025, the stock's profits have surged by 870% over the past year, contributing to its attractive valuation.
In the broader market context, Covance Softsol's short-term return of +10.31% over the past week significantly outpaces the Sensex's return of +2.00% during the same period. Additionally, the stock's one-month return of +53.52% also exceeds the Sensex's +2.76%, indicating strong relative performance. This outperformance suggests that investor sentiment towards Covance Softsol is positive, likely driven by its strong financial metrics and growth potential, despite the recent decline in trading volume.