Why is Sai Life falling/rising?

As of 19-Aug, Sai Life Sciences Ltd's stock price is currently at 908.60, reflecting an increase of 8.45 or 0.94%. The stock has recently hit a new 52-week and all-time high of Rs.917.1, indicating strong upward momentum. Over the past week, the stock has risen by 4.08%, and it has outperformed the sector by 1.07% today. Additionally, the stock has shown consistent gains over the last two days, accumulating a total return of 2.48%. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.25 times and impressive growth in net sales and operating profit, which have increased significantly over the past quarters. Furthermore, institutional holdings have risen by 10.6% in the previous quarter, suggesting strong confidence among informed investors.
In the broader market context, Sai Life's short-term performance has outpaced the benchmark Sensex, which has only increased by 1.76% over the past week. While the stock has shown strong returns of 11.48% over the past month and 20.95% year-to-date, the Sensex has experienced a slight decline of 0.14% in the same timeframe. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 33.61% against the 5-day average, which could indicate a potential concern for future trading activity. Despite this, the overall positive financial indicators and institutional support suggest that the stock's upward trend may continue.