Why is Sai Life falling/rising?

As of 05-Sep, Sai Life Sciences Ltd is experiencing a price increase, currently at 856.60, reflecting a rise of 7.2 points or 0.85%. The stock has shown strong performance recently, with a 3.89% increase over the last three days and a 7.85% rise over the past month. Despite a decline in delivery volume by 59.84% compared to the five-day average, the stock remains liquid enough for trading. The company's fundamentals are robust, highlighted by a low Debt to EBITDA ratio of 1.25 times and impressive growth in net sales and profit after tax, which have increased significantly in recent quarters. Additionally, high institutional holdings at 36.22%, which have risen by 10.6% over the previous quarter, suggest strong confidence in the company's future prospects.
In the broader market context, Sai Life Sciences Ltd has outperformed the benchmark Sensex, which has only increased by 1.13% over the past week, while the stock has gained 3.75%. This trend of outperformance is consistent, as the stock has also shown a year-to-date return of 14.02% compared to the Sensex's 3.29%. The positive results declared by the company in recent quarters, along with strong institutional support, contribute to a favorable outlook, reinforcing the stock's upward momentum in a market that is otherwise showing modest gains.