Why is Sai Life falling/rising?

As of 02-Jul, Sai Life Sciences Ltd's stock price is currently at Rs 789.00, reflecting an increase of Rs 9.4 or 1.21%. The stock has recently reached a new 52-week high of Rs 840.35, indicating strong upward momentum, having outperformed its sector by 1.13%. Over the past four days, the stock has gained 5.38%, and it is trading above all key moving averages, suggesting a positive trend. However, there is a notable decline in investor participation, with delivery volume dropping by 71.09% compared to the five-day average. Despite this, the company demonstrates strong fundamentals, including a low Debt to EBITDA ratio of 1.25 times and significant growth in operating profit, which has increased at an annual rate of 87.31%.
In the broader market context, Sai Life's short-term performance has been impressive, with a 4.63% increase over the past week, significantly outperforming the Sensex, which has only risen by 0.79% during the same period. While the stock has shown healthy returns year-to-date at 5.02%, it has lagged behind the Sensex's 6.75% gain. The high institutional holdings at 25.62% suggest confidence from knowledgeable investors, as their stake has increased by 1.95% over the previous quarter. However, the stock's valuation concerns, indicated by a Price to Book Value of 7.6 and a relatively low return on equity of 8, may temper some investor enthusiasm moving forward.