Why is Sai Life falling/rising?

As of 29-Aug, Sai Life Sciences Ltd is experiencing a price increase, currently at 825.65, reflecting a rise of 9.1 or 1.11%. Today's price summary indicates that the stock has outperformed its sector by 1.08% and has gained after three consecutive days of decline, reaching an intraday high of Rs 834, which is a 2.14% increase. Despite this positive movement, the stock has shown a negative return of -10.72% over the past week and a slight decline of -0.54% over the past month. However, the company has demonstrated strong fundamentals, with a low Debt to EBITDA ratio of 1.25 times and significant growth in net sales and profit after tax, which has likely contributed to the recent uptick in price.
In the broader market context, while the Sensex has declined by -1.84% over the past week and -1.88% over the past month, Sai Life's performance contrasts with this trend, showcasing its resilience. The stock's year-to-date return of +9.90% also outpaces the Sensex's +2.14%, indicating stronger investor confidence. High institutional holdings at 36.22%, which have increased by 10.6% over the previous quarter, suggest that knowledgeable investors are optimistic about the company's future, further supporting the stock's upward movement despite a recent drop in investor participation.