Why is Sai Life falling/rising?

As of 05-Jun, Sai Life Sciences Ltd's stock is currently priced at 728.60, reflecting an increase of 2.5, or 0.34%. The stock has been gaining for the last three days, with a total return of 0.61% during this period. However, it has underperformed its sector by 0.72% today. In terms of returns, the stock has shown a modest increase of 1.58% over the past week and 1.62% over the past month, but it is down 3.01% year-to-date. The stock's moving averages indicate that it is performing better than the 50-day, 100-day, and 200-day averages, but it is below the 5-day and 20-day averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 33.84% compared to the 5-day average.
In the broader market context, the Sensex has experienced a slight decline of 0.23% over the past week, while Sai Life's performance has been positive in the same timeframe. Despite this, the stock's year-to-date performance lags behind the benchmark, which has gained 4.23%. This suggests that while the stock is currently experiencing a rise, it is not keeping pace with the broader market trends. The liquidity of the stock remains adequate for trading, indicating that it can still attract investment despite the recent drop in delivery volume. Overall, the combination of recent gains, underperformance against the sector, and declining investor participation contributes to a complex picture of the stock's movement.