Why is Sai Life falling/rising?

As of 17-Sep, Sai Life Sciences Ltd is experiencing a price increase, currently at 900.05, reflecting a rise of 18.15 or 2.06%. The stock has shown strong performance recently, gaining 5.39% over the last seven days and outperforming its sector by 2.02% today. It is also trading above all key moving averages, indicating positive momentum. The company has reported impressive financial results, with a significant growth in net sales and profit after tax, contributing to a healthy outlook. Additionally, the increase in institutional holdings suggests strong confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Sai Life's one-week return of 4.21% significantly outpaces the Sensex's 1.56% gain, indicating that the stock is performing well relative to the benchmark. While the stock has shown positive short-term performance, it is important to note that there has been a decline in investor participation, with delivery volume decreasing by 10.64% against the five-day average. Despite this, the overall positive financial indicators and institutional support suggest that the stock's rise is driven by strong fundamentals rather than mere market trends.