Why is Laurus Labs falling/rising?

As of 08-Jul, Laurus Labs Ltd is experiencing a slight increase in its stock price, currently at 777.15, reflecting a change of 0.45 (0.06%) upwards. The stock has recently hit a new 52-week high of Rs. 779.85 and has been on a positive trajectory, gaining 16.09% over the last nine days. It has outperformed its sector by 0.99% today and shows strong performance metrics, with returns of 63.73% over the past year, significantly surpassing the market's 1.98% return. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 18.50% and has reported substantial growth in net profit and sales, contributing to its favorable market perception.
In the broader market context, Laurus Labs' short-term performance of +4.18% over the past week contrasts sharply with the Sensex, which has only increased by 0.02%. This indicates that the stock is not only performing well relative to its own historical benchmarks but also significantly outpacing the overall market. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 78.49% against the 5-day average, which could signal potential caution among investors. Despite this, the high institutional holdings at 37.29% suggest confidence from more knowledgeable investors, further supporting the stock's upward movement.