Why is Covance Softsol falling/rising?

As of 21-Jul, Covance Softsol Ltd's stock price is rising, currently at Rs. 23.50, which reflects an increase of Rs. 0.46 or 2.0%. The stock has been on an upward trend, gaining for the last 21 days and achieving a remarkable 50.83% return over that period. It has also reached a new 52-week and all-time high today. Despite a significant drop in delivery volume, indicating falling investor participation, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 66.30% and operating profit soaring by 1081.00%. The stock's attractive valuation, with a return on equity of 13.3 and a price-to-book value of 0.4, further supports its positive movement.
In the broader market context, Covance Softsol's performance stands in stark contrast to the benchmark Sensex, which has seen a slight decline of 0.06% over the past week. The stock's impressive 10.33% return over the last week highlights its strong performance relative to the market. While the Sensex has only increased by 5.20% year-to-date, Covance Softsol's significant gains indicate robust investor confidence and a favorable outlook for the company, despite the flat results reported in March 2025.