Why is Sai Life falling/rising?

As of 10-Sep, Sai Life Sciences Ltd's stock price is currently at 863.70, reflecting an increase of 5.95, or 0.69%. The stock has shown positive momentum, having outperformed its sector by 0.31% today and achieving consecutive gains over the last two days, with a total return of 1.14% during this period. The stock's performance over the past week and month has also been strong, with returns of +1.74% and +4.29%, respectively. Despite a significant drop in delivery volume by 70.71% compared to the 5-day average, the company maintains a solid financial position, evidenced by a low Debt to EBITDA ratio of 1.25 times and impressive growth in net sales and profit after tax over the last six months.
Broader market context indicates that Sai Life Sciences Ltd has outperformed the Sensex, which has returned +1.06% over the past week and +1.96% over the past month, while the stock has achieved a year-to-date return of +14.97% compared to the Sensex's +4.21%. The high institutional holdings at 36.22%, which have increased by 10.6% over the previous quarter, suggest strong confidence in the company's fundamentals, likely contributing to the stock's upward movement. Overall, the combination of strong financial performance, positive investor sentiment, and relative outperformance against the benchmark supports the stock's rising price.