Why is Sai Life falling/rising?

As of 26-Aug, Sai Life Sciences Ltd is experiencing a decline in its stock price, currently at Rs 859.50, reflecting a decrease of Rs 47.5 or 5.24%. The stock has underperformed its sector by 3.44% today and has seen consecutive falls over the last two days, totaling a decline of 7.06%. It opened with a loss of 2.98% and reached an intraday low of Rs 851.25. In terms of performance relative to the benchmark, the stock has decreased by 5.40% over the past week, while it has shown a modest increase of 2.57% over the past month. Despite these recent declines, the company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 1.25 times and significant growth in operating profit and net sales, which have increased by 87.31% and 17.67%, respectively, over recent periods.
In the broader market context, the Sensex has only decreased by 1.05% over the past week, indicating that Sai Life's short-term performance is notably weaker than the benchmark. The stock's liquidity remains adequate, with a delivery volume that is still sufficient for trading, although it has seen a decline of 3.3% against the five-day average. High institutional holdings at 36.22% suggest a strong backing from informed investors, which could provide some stability; however, the recent price movements may reflect broader market sentiments or specific concerns affecting investor confidence in the short term.