Why is Covance Softsol falling/rising?

As of 10-Jul, Covance Softsol Ltd's stock price is rising, currently at Rs. 20.49, reflecting an increase of 0.4 or 1.99%. The stock has shown remarkable performance, gaining 50.66% over the last 21 days and outperforming its sector by 2.62% today. It has also reached a new 52-week and all-time high, indicating strong investor confidence. The company benefits from 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 a flat result reported in March 2025, the stock's profits have surged by 870% over the past year, contributing to its attractive valuation with a price-to-book ratio of 0.3.
In the broader market context, Covance Softsol's short-term return of +10.28% over the past week significantly outpaces the Sensex, which has remained nearly flat at -0.06%. This divergence highlights the stock's strong performance relative to the overall market, suggesting that investor sentiment towards Covance Softsol is particularly positive. The stock's consistent gains and rising investor participation, evidenced by a 66.67% increase in delivery volume, further reinforce its upward trajectory amidst a generally stable market environment.