Why is Sai Life falling/rising?

As of 25-Aug, Sai Life Sciences Ltd's stock price is currently at Rs 907.00, reflecting a decrease of Rs 17.75 or 1.92%. The stock has recently underperformed its sector by 2.33% and has experienced a trend reversal after five consecutive days of gains, touching an intraday low of Rs 903.7. Despite hitting a new 52-week high of Rs 943 earlier in the day, the stock's performance has been impacted by a significant drop in delivery volume, which fell by 26.78% against the five-day average. However, the company has demonstrated strong financial health with a low Debt to EBITDA ratio of 1.25 times and impressive growth in net sales and operating profit, which could support future price stability.
In the broader market context, Sai Life's one-week return of 0.76% outperformed the Sensex's return of 0.45%, indicating some resilience in the stock relative to the benchmark. Year-to-date, the stock has gained 20.73%, significantly higher than the Sensex's 4.48% increase, showcasing its strong performance over a longer period. The high institutional holdings at 36.22% suggest that knowledgeable investors are confident in the company's fundamentals, which may provide a buffer against short-term volatility. However, the recent decline in stock price amidst positive financial indicators and institutional support reflects a potential market correction after a period of rapid gains.