Why is Covance Softsol falling/rising?

As of 24-Jul, Covance Softsol Ltd's stock price is rising, currently at Rs. 24.92, reflecting an increase of Rs. 0.48 or 1.96%. The stock has shown impressive performance, gaining 50.85% over the last 21 days and outperforming its sector by 3.47% today. It has also reached a new 52-week and all-time high of Rs. 24.92. The stock's returns over the past week and month are notable, with increases of 10.31% and 53.83%, respectively. Despite a significant drop in delivery volume by 76.19% on July 23, the company maintains a low debt-to-equity ratio and has demonstrated robust long-term growth, with net sales increasing at an annual rate of 66.30% and operating profit soaring by 1081.00%.
In the broader market context, while Covance Softsol's stock has risen significantly, the benchmark Sensex has remained relatively flat, with a slight decrease of 0.09% over the past week and a modest increase of 0.16% over the past month. This indicates that Covance Softsol is outperforming the market, which may attract more investor interest despite the recent drop in delivery volume. The company's strong fundamentals, including a return on equity of 13.3 and a favorable price-to-book value of 0.4, further support its rising stock price, even though there were flat results reported in March 2025.