Why is Sai Life falling/rising?

As of 11-Sep, Sai Life Sciences Ltd's stock price is currently at 868.55, reflecting an increase of 4.85 or 0.56%. The stock has been gaining for the last three days, with a total return of 1.7% during this period. Despite a slight decline of 2.59% over the past month, the year-to-date performance shows a robust increase of 15.61%. The stock's performance today is in line with its sector, although there has been a notable drop in investor participation, with delivery volume decreasing by 64.94% compared to the five-day average. The company has demonstrated strong financial health, evidenced by a low Debt to EBITDA ratio of 1.25 times and significant growth in operating profit and net sales, which have increased by 87.31% and 17.67%, respectively, over the last six months. Additionally, high institutional holdings at 36.22% indicate confidence from more knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Sai Life's short-term return of 2.25% over the past week outperforms the Sensex, which has only increased by 1.03% during the same period. This suggests that the stock is gaining traction relative to the overall market. However, the stock's performance over the past month is less favorable compared to the Sensex's 1.17% increase, indicating some volatility. The positive results declared in the last two quarters and the significant growth in profit after tax (PAT) further bolster the stock's appeal, despite the recent decline in delivery volume, which may raise concerns about liquidity and investor interest.