Why is Sai Life falling/rising?

As of 14-Jul, Sai Life Sciences Ltd is experiencing a price increase, currently at Rs 823.00, reflecting a rise of Rs 41.5 or 5.31%. The stock has shown strong performance today, outperforming its sector by 4.41%, and it is trading close to its 52-week high, just 2.11% away from Rs 840.35. Additionally, the stock has demonstrated positive momentum, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has also seen a significant increase in investor participation, with delivery volume rising by 102.12% compared to the 5-day average. Furthermore, the stock has delivered a 9.55% return year-to-date, outperforming the Sensex, which has gained 5.27% during the same period.
In the broader market context, while the Sensex has faced a decline of 1.42% over the past week, Sai Life's stock has risen by 3.78%, indicating strong relative performance. The company's solid fundamentals, including a low Debt to EBITDA ratio of 1.25 times and an impressive annual growth rate of 87.31% in operating profit, contribute to its positive outlook. High institutional holdings at 25.62% further bolster investor confidence, as these investors typically possess greater analytical resources. However, it is worth noting that the stock has a relatively high Price to Book Value of 7.9, which may raise concerns about its valuation despite the strong profit growth.