Why is Sai Life falling/rising?

As of 24-Sep, Sai Life Sciences Ltd's stock price is currently at 890.95, reflecting a decrease of 1.05, or 0.12%. The stock has shown a performance today that outperformed its sector by 0.33%. However, it has experienced a decline of 1.01% over the past week and 3.66% over the past month, while it has performed positively year-to-date with an increase of 18.60%. Despite the recent price drop, the company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 1.25 times and significant growth in net sales and profit after tax over the last six months. Additionally, high institutional holdings at 36.22% indicate confidence from larger investors, which may provide some support for the stock.
In the broader market context, the Sensex has declined by 1.18% over the past week and increased by 0.50% over the past month, indicating that while Sai Life's short-term performance is slightly better than the benchmark, it is still facing downward pressure. The falling investor participation, as evidenced by a 62.58% drop in delivery volume compared to the five-day average, suggests a decrease in market interest, which could be contributing to the stock's recent decline. Overall, while the company has strong growth prospects and institutional backing, the recent price movement reflects a combination of broader market trends and reduced trading activity.