Why is Covance Softsol falling/rising?

As of 08-Oct, Covance Softsol Ltd's stock price is rising, currently at Rs. 51.07, reflecting an increase of 1.0 or 2.0%. The stock has shown significant momentum, gaining 51.23% over the past month and outperforming its sector by 0.6% today. It has reached a new 52-week and all-time high of Rs. 51.07, with the stock trading above all key moving averages. The stock has been on a consecutive gain streak for the last 21 days, indicating strong investor confidence. Additionally, the company has demonstrated robust financial performance, with net sales growing at an annual rate of 66.30% and a notable increase in operating profit, which has contributed to its attractive valuation.
In the broader market context, Covance Softsol's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.98% over the past week. This stark contrast highlights the stock's strong relative strength and investor interest, evidenced by a dramatic rise in delivery volume. The company's low debt-to-equity ratio and impressive growth metrics, including a 156.8% increase in PAT, further bolster its appeal to investors. Overall, the combination of strong financial results, rising investor participation, and favorable market conditions has contributed to the stock's upward trajectory.