Why is Sai Life falling/rising?

As of 07-Jul, Sai Life Sciences Ltd is currently priced at 793.00, reflecting a slight increase of 1.1 (0.14%). The stock has been gaining for the last two days, with a total return of 0.52% during this period. It has also performed well over the past week and month, showing increases of 2.52% and 7.88%, respectively. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 65.5% compared to the 5-day average. Positive factors contributing to the stock's rise include a strong ability to service debt, healthy long-term growth in operating profit, and high institutional holdings, which have increased by 1.95% over the previous quarter.
In the broader market context, Sai Life's recent performance contrasts favorably with the benchmark Sensex, which has seen a slight decline of 0.20% over the past week. While the stock has outperformed the benchmark in both the short-term and month-to-date returns, it is important to note that the stock's valuation appears expensive, with a Price to Book Value of 7.6 and a return on equity of 8. Despite these concerns, the stock's strong fundamentals and growth metrics have likely contributed to its recent upward movement.