Why is Covance Softsol falling/rising?

As of 02-September, Covance Softsol Ltd's stock price is currently at 31.22, reflecting an increase of 0.61 or 1.99%. The stock has shown a positive trend recently, gaining 4.03% over the last two days and outperforming its sector by 1.92%. Despite a significant decline of 18.63% over the past week, the stock has rebounded with a 11.46% increase over the last month. The company has a low debt-to-equity ratio and impressive growth metrics, including a 66.30% annual growth rate in net sales and a remarkable 583.0% increase in profit before tax compared to the previous four-quarter average. Additionally, the stock's attractive valuation, indicated by a price-to-book value of 0.8 and a return on equity of 13.3, supports its recent upward movement.
In the broader market context, while the Sensex has experienced a slight decline of 0.78% over the past week and 0.55% over the past month, Covance Softsol's recent performance stands out positively. The stock's ability to rise despite a challenging market environment suggests strong investor confidence, likely fueled by the company's solid financial results and growth potential. The increase in delivery volume by 194.12% against the five-day average indicates rising investor participation, further contributing to the stock's upward trajectory.