Why is Covance Softsol falling/rising?

As of 03-Jul, Covance Softsol Ltd's stock price is rising, currently at Rs. 18.58, reflecting an increase of Rs. 0.36 or 1.98%. The stock has been on a positive trajectory, gaining for the last 21 days and achieving a remarkable 50.57% return during this period. It has also reached a new 52-week and all-time high today. In terms of performance, the stock has outperformed its sector by 2.18%. However, there is a notable decline in investor participation, with delivery volume dropping by 98.18% against the 5-day average. The company boasts 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%. Despite generating a flat return over the past year, the company's profits have surged by 870%, contributing to its attractive valuation.
In the broader market context, Covance Softsol's short-term performance has significantly outpaced the benchmark, with a 1-week return of +10.27% compared to the Sensex's -0.62%. This stark contrast highlights the stock's strong momentum relative to the overall market. While the Sensex has shown a modest gain of 3.10% over the past month, Covance Softsol's impressive 53.55% increase underscores its robust market position. The combination of strong financial performance and favorable market conditions has contributed to the stock's upward movement, despite the recent decline in trading volume.