Why is Sai Life falling/rising?

As of 28-Aug, Sai Life Sciences Ltd is experiencing a decline in its stock price, currently at Rs 816.55, which reflects a decrease of Rs 42.95 or 5.0%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 11.7% during this period. Today's performance indicates that it has underperformed its sector by 4.16%. Additionally, while the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages. The stock has seen a significant increase in delivery volume, suggesting rising investor participation, but the overall sentiment remains negative as indicated by the recent price movements.
In the broader market context, the stock's short-term return of -11.44% over the past week contrasts with the Sensex, which has declined by only 2.34%. Despite this short-term underperformance, Sai Life has shown positive long-term growth indicators, such as a strong ability to service debt and impressive growth in operating profit and net sales. The company has also reported positive results for the last two consecutive quarters, with substantial growth in profit after tax and net sales. Furthermore, high institutional holdings, which have increased by 10.6% over the previous quarter, suggest confidence in the company's fundamentals, although this has not yet translated into positive stock price movement in the short term.