Why is Sai Life falling/rising?

As of 02-Sep, Sai Life Sciences Ltd is experiencing a decline in its stock price, currently at Rs 824.50, down by Rs 22.5 or 2.66%. Today's price summary indicates that the stock has underperformed its sector by 2.59% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 821.15, reflecting a decrease of 3.05%. Additionally, the stock's performance over the past week shows a decline of 4.07%, while it has gained 4.95% over the past month. Despite positive long-term growth indicators, such as a significant increase in net sales and a strong ability to service debt, the recent drop in delivery volume by 88.97% against the five-day average suggests a lack of investor participation, contributing to the stock's downward movement.
In the broader market context, the Sensex has only decreased by 0.78% over the past week, indicating that Sai Life's short-term performance is lagging behind the benchmark. While the stock has shown positive returns year-to-date at 9.75%, the recent underperformance relative to the benchmark and sector raises concerns among investors. The high institutional holdings at 36.22% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. However, the current trend of falling investor participation and the stock's inability to maintain momentum after previous gains are likely influencing the recent price decline.