Why is Sai Life falling/rising?

As of 15-Jul, Sai Life Sciences Ltd is experiencing a decline in its stock price, currently at Rs 810.90, which reflects a decrease of Rs 12.1 or 1.47%. Despite this drop, the stock has shown positive performance over the past week and month, with returns of 3.17% and 5.18%, respectively. The stock is currently trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a generally strong trend. Additionally, the company has demonstrated a strong ability to service debt, with a low Debt to EBITDA ratio of 1.25 times, and has reported impressive growth in operating profit at an annual rate of 87.31%. However, the stock's valuation appears expensive with a Price to Book Value of 7.8, and while profits have increased, the return on equity stands at only 8, suggesting potential concerns for investors.
Broader market context shows that while Sai Life's stock has underperformed its sector by 2.68% today, it has outperformed the benchmark Sensex over the past week and month, with the Sensex showing declines of 1.36% and gains of 1.79%, respectively. The stock's liquidity remains healthy, with a significant increase in delivery volume, indicating rising investor participation. However, the overall market sentiment may be tempered by the stock's high valuation metrics and the fact that it has generated no returns over the past year, despite profit growth. This combination of strong fundamentals and valuation concerns is likely influencing the stock's current price movement.