Why is Sai Life falling/rising?

As of 12-Sep, Sai Life Sciences Ltd is currently priced at 870.50, reflecting an increase of 1.95 (0.22%). The stock has been gaining for the last four days, with a total return of 1.93% during this period. It is performing inline with its sector, and its current price is above the 5-day, 50-day, 100-day, and 200-day moving averages, although it is below the 20-day moving average. Despite a recent decline in investor participation, as indicated by a 34.3% drop in delivery volume compared to the 5-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 operating profit. The increase in institutional holdings by 10.6% over the previous quarter further supports the stock's positive outlook.
In the broader market context, Sai Life's 1-week return of 1.62% slightly outperforms the Sensex, which has returned 1.48% in the same period. However, over the past month, the stock has underperformed with a return of -0.72% compared to the Sensex's 2.08%. Despite this short-term underperformance, the year-to-date return of 15.87% significantly exceeds the Sensex's 4.82%, indicating a strong long-term growth trajectory. The company's recent positive quarterly results and substantial growth in profit after tax and net sales contribute to a favorable investment sentiment, which may help sustain the stock's upward movement in the near term.