Why is Covance Softsol falling/rising?

As of 25-Jul, Covance Softsol Ltd's stock price is rising, currently at Rs. 25.41, reflecting an increase of Rs. 0.49 or 1.97%. The stock has shown impressive performance, gaining 50.8% over the last 21 days and outperforming its sector by 3.44% today. It has also reached a new 52-week and all-time high of Rs. 25.41. The stock's returns over the past week and month are notably strong, with increases of 10.29% and 53.81%, respectively. The company benefits from 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%. Despite flat results reported in March 2025, the stock's valuation remains attractive with a price-to-book value of 0.4 and a return on equity of 13.3.
In the broader market context, Covance Softsol's recent performance stands in stark contrast to the Sensex, which has declined by 0.36% over the past week and 1.56% over the past month. This divergence highlights the stock's strong momentum amidst a generally weaker market environment. The rising investor participation, evidenced by a significant increase in delivery volume, further supports the stock's upward trajectory. Overall, the combination of robust company fundamentals and favorable market conditions has contributed to the stock's rising price.