Why is Covance Softsol falling/rising?

As of 28-Jul, Covance Softsol Ltd is experiencing a price increase, currently at Rs. 25.91, reflecting a change of 0.5 or 1.97% upward. The stock has been on a positive trajectory, gaining for the last 21 days and achieving a remarkable 50.81% return over the past month. It has also reached a new 52-week and all-time high today. Despite a significant drop in delivery volume, which fell by 80% against the 5-day average, the stock is trading above all key moving averages, indicating strong momentum. The company's financial health is supported by a low debt-to-equity ratio and impressive growth metrics, including a 66.30% annual growth rate in net sales and an operating profit increase of 1081.00%. However, flat results reported in March 2025 may raise concerns among investors.
In the broader market context, Covance Softsol's short-term performance significantly outpaces the benchmark, with a 10.26% return over the past week compared to a decline of 1.59% in the Sensex. This stark contrast highlights the stock's strong relative performance amid a generally unfavorable market environment. While the stock has generated a flat return over the past year, its profits have surged by 870%, suggesting that the recent price movements are driven by strong underlying fundamentals rather than market trends. Overall, the combination of consistent gains, attractive valuation metrics, and robust growth prospects contributes to the stock's rising price.