Why is Laurus Labs falling/rising?

As of 11-Jun, Laurus Labs Ltd is experiencing a price increase, currently at Rs. 676.90, reflecting a rise of 11.4 points or 1.71%. The stock has recently reached a new 52-week high of Rs. 678.75 and has outperformed its sector by 0.85%. Over the past week, Laurus Labs has shown a remarkable return of 8.62%, and over the last month, it has increased by 14.83%. The company has demonstrated strong financial performance, with a net profit growth of 210.5% and positive results for the last two consecutive quarters. However, there is a noted decline in investor participation, with delivery volume falling by 42.08% against the 5-day average, which may indicate some caution among investors despite the overall positive performance.
In the broader market context, Laurus Labs has significantly outperformed the benchmark index, with a one-year return of 53.21% compared to the Sensex's 7.92%. This strong performance can be attributed to high management efficiency, as indicated by a return on capital employed (ROCE) of 18.50%, and substantial institutional holdings at 37.29%, suggesting confidence from more knowledgeable investors. However, the stock's valuation appears expensive with a ROCE of 8.8 and a PEG ratio of 0.8, indicating that while the stock is performing well, there may be concerns regarding its valuation relative to earnings growth.