Why is Covance Softsol falling/rising?

As of 08-Jul, Covance Softsol Ltd's stock price is rising, currently at Rs. 19.70, reflecting an increase of 0.38 or 1.97%. The stock has shown impressive performance, gaining 50.61% over the past 21 days and outperforming its sector by 1.7% today. It has also reached a new 52-week and all-time high of Rs. 19.70. The stock's strong upward movement is supported by a healthy long-term growth trajectory, with net sales increasing at an annual rate of 66.30% and operating profit soaring by 1081.00%. Additionally, the company maintains a low debt-to-equity ratio and a very attractive valuation, indicated by a return on equity of 13.3 and a price-to-book value of 0.3. However, there has been a notable decline in investor participation, with delivery volume falling by 80% against the 5-day average.
In the broader market context, Covance Softsol's short-term return of +10.24% over the past week significantly outpaces the Sensex, which has only increased by 0.02% during the same period. This stark contrast highlights the stock's strong performance relative to the benchmark. While the stock has generated a return of 0.00% over the past year, its profits have surged by 870%, indicating a disconnect between stock price and profit growth that may attract further investor interest. Despite a flat result reported in March 2025, the overall positive indicators suggest that the stock's recent rise is driven by strong fundamentals and market sentiment.