Why is Sai Life falling/rising?

As of 17-Jul, Sai Life Sciences Ltd is experiencing a price increase, currently at Rs 822.65, reflecting a rise of 9.65 or 1.19%. The stock has shown strong performance recently, with a 4.62% increase over the past week and a 9.64% rise over the past month, significantly outperforming the Sensex, which has declined by 1.12% in the same week. Today's trading has seen the stock touch an intraday high of Rs 836, and it is currently just 2.15% away from its 52-week high of Rs 840.35. Despite a recent drop in investor participation, as evidenced by a 73.52% decrease in delivery volume, the stock remains liquid enough for trading. Additionally, the company has demonstrated strong financial health with a low Debt to EBITDA ratio and impressive 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 stands in stark contrast to the Sensex, which has only gained 0.83% over the past month. The stock's strong institutional holdings, which have increased by 1.95% over the previous quarter, suggest confidence from knowledgeable investors, further supporting its upward movement. However, concerns about its valuation persist, as indicated by a high Price to Book Value ratio and a relatively low Return on Equity of 8. Despite these negative factors, the overall positive financial indicators and recent performance trends contribute to the stock's rising price.