Why is Sai Life falling/rising?

As of 03-Sep, Sai Life Sciences Ltd's stock price is currently at Rs 848.90, reflecting an increase of Rs 24.4, or 2.96%. Today's performance indicates that the stock outperformed its sector by 1.72%, reaching an intraday high of Rs 855.5, which is a rise of 3.76%. Despite a recent decline in delivery volume, which fell by 94.92% against the 5-day average, the stock remains liquid enough for trading. Over the past month, the stock has shown a positive return of 8.06%, contrasting with a slight decline of 1.23% over the past week. The company's strong financial health is underscored by a low Debt to EBITDA ratio of 1.25 times and impressive growth in net sales and operating profit, which have grown significantly over the last six months.
In the broader market context, while the Sensex has seen a minor decline of 0.27% over the past week, Sai Life's performance has been notably better, indicating resilience against market trends. The stock's year-to-date return of 13.00% also surpasses the Sensex's 3.11% increase, highlighting its strong position. The high institutional holdings at 36.22%, which have increased by 10.6% over the previous quarter, suggest that informed investors are confident in the company's fundamentals, further supporting the stock's upward movement. Overall, the combination of strong financial results, positive institutional sentiment, and relative outperformance against the benchmark contributes to the stock's rising price.