Why is Covance Softsol falling/rising?

As of 15-Jul, Covance Softsol Ltd's stock price is rising, currently at Rs. 21.72, reflecting an increase of Rs. 0.42 or 1.97%. The stock has shown impressive performance, gaining 50.62% over the last 21 days and outperforming its sector by 1.59% today. Additionally, it has reached a new 52-week and all-time high of Rs. 21.72. The stock is trading above all key moving averages, indicating strong upward momentum. The company's financial health is also notable, with a low Debt to Equity ratio and robust growth in net sales and operating profit, contributing to its attractive valuation.
In the broader market context, Covance Softsol's short-term return of +10.25% over the past week significantly outperforms the Sensex, which has declined by 1.36% during the same period. This divergence highlights the stock's strong performance relative to the market. While the stock has generated a flat return of 0.00% over the past year, its profits have surged by 870%, suggesting a solid underlying growth trend despite the flat results reported in March 2025. Overall, the combination of rising investor participation and positive financial metrics supports the stock's upward trajectory.