Why is Sai Life falling/rising?

As of 22-Sep, Sai Life Sciences Ltd is experiencing a decline in its stock price, currently at Rs 873.00, which represents a decrease of Rs 35.8 or 3.94%. Today's performance indicates that the stock has underperformed its sector by 2.86%, with an intraday low of Rs 872.05, reflecting a drop of 4.04%. Over the past week, the stock has decreased by 0.91%, and over the past month, it has fallen by 5.60%. Despite these short-term declines, the company has shown strong fundamentals, including a low Debt to EBITDA ratio of 1.25 times and significant growth in net sales and operating profit over the last two quarters. Additionally, institutional holdings have increased by 10.6%, indicating confidence from larger investors.
In the broader market context, the Sensex has gained 0.46% over the past week and 1.05% over the past month, contrasting with Sai Life's negative returns during the same periods. This underperformance against the benchmark may contribute to the stock's downward pressure. However, the company's year-to-date performance remains positive at 16.21%, suggesting that while recent movements are negative, the long-term outlook is still favorable compared to the broader market, which has only increased by 5.15% in the same timeframe.