Why is Laurus Labs falling/rising?

As of 18-Jul, Laurus Labs Ltd is experiencing a price increase, currently at 827.15, reflecting a rise of 5.6 or 0.68%. The stock has shown strong performance, with a 1-week return of 4.77% and a remarkable 1-month return of 24.43%. It is also close to its 52-week high, just 0.88% away from Rs 834.45. Despite a slight decline in investor participation, as indicated by a 6.54% drop in delivery volume, the stock is trading above all its key moving averages, suggesting a positive trend. The company's impressive financial results, including a 210.5% growth in net profit and high management efficiency with a return on capital employed (ROCE) of 18.50%, further bolster investor confidence, contributing to its upward price movement.
In the broader market context, Laurus Labs has significantly outperformed the benchmark, with a 1-year return of 81.39% compared to the Sensex's mere 0.51%. This strong performance is particularly notable given the negative returns of -0.36% from the broader market (BSE500) over the past year. The high institutional holdings at 37.29% indicate strong confidence from knowledgeable investors, which may also support the stock's price rise. While the stock's valuation appears expensive with a high enterprise value to capital employed ratio, its ability to generate substantial returns amidst a challenging market environment highlights its resilience and attractiveness to investors.