Why is Sai Life falling/rising?

As of 22-Jul, Sai Life Sciences Ltd is currently priced at 807.45, reflecting a slight increase of 1.1 (0.14%). The stock has shown a trend reversal, gaining after two consecutive days of decline. It is currently 4.07% away from its 52-week high of Rs 840.35 and has outperformed its sector by 1.05% today. Over the past week, the stock has decreased by 0.43%, but it has performed well over the past month with a gain of 5.43%. The company demonstrates strong fundamentals, with a low Debt to EBITDA ratio of 1.25 times and an impressive annual growth rate of 87.31% in operating profit. However, it faces challenges with a relatively high Price to Book Value of 7.8 and a return on equity (ROE) of 8, indicating a potentially expensive valuation despite profit growth of 82% over the past year.
In the broader market context, Sai Life's recent performance is slightly better than the benchmark Sensex, which has declined by 0.47% over the past week while the stock has only fallen by 0.43%. Year-to-date, Sai Life has outperformed the Sensex, with a return of 7.48% compared to the benchmark's 5.18%. Despite a significant drop in investor participation, as evidenced by a 68.55% decrease in delivery volume, the stock remains liquid enough for trading. The increase in institutional holdings by 10.6% over the previous quarter suggests confidence from larger investors, which may support the stock's price stability moving forward.