Why is Sai Life falling/rising?

As of 25-Jul, Sai Life Sciences Ltd's stock price is rising, currently at Rs 837.95, reflecting an increase of Rs 12.45 or 1.51%. The stock has recently outperformed its sector by 1.67% and has been on a consecutive gain streak for the last four days, accumulating a total return of 4.26% during this period. Additionally, the stock reached a new 52-week high of Rs 850.5 today, indicating strong investor interest. The company's financial health is underscored by a low Debt to EBITDA ratio of 1.25 times and impressive operating profit growth of 87.31% annually, contributing to positive sentiment among investors. Furthermore, institutional holdings have increased by 10.6% over the previous quarter, suggesting confidence from larger investors.
In the broader market context, Sai Life's performance over the past week shows a return of +2.82%, contrasting with a slight decline of -0.36% in the Sensex, indicating that the stock is gaining traction even as the overall market struggles. Over the past month, Sai Life has delivered a return of +11.12%, while the benchmark has decreased by -1.56%, further highlighting its relative strength. The stock's liquidity is also favorable, with a significant increase in delivery volume, which supports the ongoing upward trend. Despite some concerns regarding its valuation, as indicated by a Price to Book Value of 8.1 and a return on equity of 8, the positive growth metrics and institutional backing appear to be driving the stock's rise.