Why is Laurus Labs falling/rising?

As of 09-Jul, Laurus Labs Ltd's stock price is rising, currently at Rs. 791.00, reflecting an increase of Rs. 13.85 or 1.78%. The stock has recently reached a new 52-week high of Rs. 797.9 and has been on a consecutive gain streak for the last 10 days, during which it has appreciated by 18.16%. In terms of performance, Laurus Labs has outperformed its sector by 1.58% today and has shown impressive returns over various periods, including a 64.95% increase over the past year, significantly surpassing the market's return of 3.96%. The company has demonstrated strong financial health, with a remarkable net profit growth of 210.5% and positive results in the last two consecutive quarters, which, combined with high institutional holdings at 37.29%, contribute to investor confidence.
In the broader market context, Laurus Labs' short-term return of 4.41% over the past week stands in stark contrast to the Sensex's modest gain of only 0.15%. This indicates that the stock is not only performing well relative to the market but is also benefiting from strong management efficiency and a favorable operating profit to interest ratio. Despite some concerns regarding its valuation, as indicated by a high enterprise value to capital employed ratio, the stock's strong performance and positive financial results have attracted investor interest, leading to its recent price rise.