Why is Sai Life falling/rising?

As of 04-September, Sai Life Sciences Ltd's stock price is currently at 849.40, reflecting a slight increase of 0.5 (0.06%). The stock has shown a positive trend recently, gaining 3.02% over the last two days and achieving a 4.02% increase over the past week. Despite this upward movement, there has been a notable decline in investor participation, with delivery volume falling by 92.1% compared to the five-day average. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 1.25 times and impressive growth in net sales and profit after tax, which has contributed to its positive performance in recent quarters.
In the broader market context, Sai Life's short-term performance has outpaced the benchmark Sensex, which has only increased by 0.80% over the past week. The company's returns of 5.54% over the last month and 13.06% year-to-date further highlight its strong position relative to the market, especially as the Sensex has seen a decline of 0.37% in the same period. The high institutional holdings at 36.22% indicate confidence from larger investors, which may also support the stock's upward trajectory despite the recent drop in trading volume.