Why is Covance Softsol falling/rising?

As of 07-Jul, Covance Softsol Ltd's stock price is currently at Rs. 19.32, reflecting an increase of Rs. 0.37 or 1.95%. The stock has been on a positive trajectory, gaining for the last 21 consecutive days and achieving a remarkable 50.58% return over the past month. It has also reached a new 52-week and all-time high today. Despite a significant drop in delivery volume by 80% on July 4, the stock is trading above its moving averages across various time frames, indicating strong momentum. 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 by 1081.00%. However, the stock's performance over the past year has been flat, generating a return of 0.00%, despite profits rising by 870%.
In the broader market context, Covance Softsol's stock has significantly outperformed the Sensex, which has seen a slight decline of 0.20% over the past week, while Covance has surged by 10.27%. This stark contrast highlights the stock's strong performance relative to the benchmark. The company's attractive valuation, indicated by a return on equity of 13.3 and a low price-to-book value of 0.3, further supports its rising stock price. However, the flat results reported in March 2025 could pose a concern for investors, potentially impacting future performance if not addressed. Overall, the combination of strong growth metrics and favorable market conditions has contributed to the stock's upward movement.