Why is Covance Softsol falling/rising?

As of 14-Jul, Covance Softsol Ltd's stock price is rising, currently at Rs. 21.30, reflecting an increase of 0.41 (1.96%). The stock has been on a positive trajectory, gaining for the last 21 days and achieving a remarkable return of 50.64% over the past month. Today, it reached a new 52-week and all-time high, outperforming its sector by 2.99%. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company has 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 flat results reported in March 2025, the stock's profits have risen significantly by 870% over the past year, contributing to its attractive valuation.
In the broader market context, Covance Softsol's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 1.42% over the past week. This indicates that while the overall market may be facing challenges, Covance Softsol is experiencing substantial investor interest and positive sentiment, as evidenced by a 66.67% increase in delivery volume against the 5-day average. The stock's liquidity is also favorable, allowing for sufficient trading activity. Overall, the combination of strong company fundamentals and positive market dynamics has led to the stock's upward movement.