Why is Covance Softsol falling/rising?

As of 16-Sep, Covance Softsol Ltd's stock price is currently at Rs. 38.00, reflecting an increase of Rs. 0.74 or 1.99%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 21 days with a remarkable 51.09% return over the past month. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Despite a decline in delivery volume by 27.75% against the 5-day average, the company maintains a low debt-to-equity ratio and has demonstrated impressive growth in net sales and operating profit, contributing to its attractive valuation.
In the broader market context, Covance Softsol's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.58% over the past week. This stark contrast highlights the stock's strong performance relative to the market. The company's positive financial results, including substantial growth in profit before tax and profit after tax, further bolster investor confidence, despite the recent drop in investor participation. Overall, the combination of strong financial metrics and consistent stock performance has driven the price rise of Covance Softsol Ltd.