Why is Sai Life falling/rising?

As of 21-Aug, Sai Life Sciences Ltd's stock price is currently at 922.05, reflecting an increase of 3.45 or 0.38%. The stock has been on an upward trend, gaining 3.99% over the past week and 14.35% over the last month. It recently hit a new 52-week and all-time high of Rs. 931.65. The company has shown strong financial performance, with significant growth in net sales and operating profit, and has maintained a low Debt to EBITDA ratio, indicating a strong ability to service its debt. Additionally, high institutional holdings at 36.22% suggest confidence from larger investors, further supporting the stock's positive movement.
In the broader market context, Sai Life's recent performance has outpaced the benchmark Sensex, which has only gained 1.74% over the past week and has seen a slight decline of 0.24% over the last month. This contrast highlights the stock's strong relative performance. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 37.2% against the 5-day average, which could be a concern for future liquidity. Overall, the stock's rise can be attributed to its solid financial fundamentals and positive market sentiment, despite some signs of reduced trading activity.