Why is Sai Life falling/rising?

As of 04-Aug, Sai Life Sciences Ltd's stock price is currently at 805.00, reflecting an increase of 17.0 or 2.16%. Today, the stock has outperformed its sector by 1.82% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 809.85. Despite a recent drop in delivery volume, which fell by 47.44% against the 5-day average, the stock remains liquid enough for trading. Over the past week, the stock has decreased by 2.38%, but it has gained 1.65% over the past month and 7.15% year-to-date, indicating a generally positive long-term growth trajectory supported by strong operating profit growth and high institutional holdings.
In the broader market context, while Sai Life has shown a positive return of 1.65% over the past month, the benchmark Sensex has declined by 2.89% during the same period, highlighting the stock's relative strength. The company's low Debt to EBITDA ratio and high operating profit to interest ratio suggest a strong ability to service debt, which may contribute to investor confidence. However, concerns about its valuation, indicated by a high Price to Book Value and a relatively low return on equity, could temper enthusiasm among some investors. Overall, the stock's recent rise appears to be driven by strong fundamentals and institutional support, despite some short-term volatility.