Why is Sai Life falling/rising?

As of 23-Sep, Sai Life Sciences Ltd is experiencing a price increase, currently at Rs 892.30, reflecting a rise of Rs 18.1 or 2.07%. The stock has outperformed its sector today by 2.42%, reaching an intraday high of Rs 901, which is a 3.07% increase. Although the stock has shown a slight decline of 3.51% over the past month, it has performed well year-to-date with an increase of 18.78%. The company has demonstrated strong financial health, with 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. Additionally, high institutional holdings at 36.22% indicate confidence from larger investors, further supporting the stock's positive movement.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 0.34% over the past week. While Sai Life has shown a modest gain of 1.18% in the same timeframe, it is noteworthy that the stock's delivery volume has decreased significantly by 73.09% compared to the 5-day average, indicating a potential decline in investor participation. Despite this, the stock remains liquid enough for trading, suggesting that while short-term fluctuations may occur, the underlying fundamentals and institutional support are contributing to its upward price movement.