Why is Laurus Labs falling/rising?

As of 16-Jul, Laurus Labs Ltd is experiencing a decline in its stock price, currently at Rs 821.60, which reflects a decrease of 5.5 points or 0.66%. Despite this drop, the stock has shown strong performance over the past week with a return of 3.87% and an impressive 20.96% increase over the past month. The stock is close to its 52-week high, just 1.56% away from Rs 834.45. However, it has underperformed its sector by 0.39% today and has seen a trend reversal after two consecutive days of gains. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 26.44% against the 5-day average, which may contribute to the current price decline.
In the broader market context, Laurus Labs has outperformed the benchmark index, Sensex, significantly over various periods, including a 76.44% return over the past year compared to the market's 2.38%. This strong performance is supported by high management efficiency and substantial net profit growth, indicating positive fundamentals. However, the stock's current valuation appears expensive relative to its return on capital employed, which may raise concerns among investors. The high institutional holdings at 37.29% suggest confidence in the company's fundamentals, yet the recent drop in stock price amidst strong historical performance could reflect market corrections or profit-taking behavior among investors.