Why is Laurus Labs falling/rising?

As of 29-Jul, Laurus Labs Ltd is experiencing a price increase, currently at Rs. 909.45, reflecting a rise of Rs. 20.75 or 2.33%. The stock has recently hit a new 52-week high of Rs. 913.25 and has shown strong performance, gaining 10.69% over the past week and 29.61% over the past month. The stock has been on an upward trend for the last five days, outperforming its sector by 0.92%. Positive financial results have contributed to this momentum, with a remarkable net profit growth of 1219.25% and consistent positive results over the last three quarters. Additionally, high institutional holdings at 37.63% indicate strong investor confidence, although there are concerns regarding long-term growth due to a modest operating profit growth rate of 7.84% over the past five years.
In the broader market context, Laurus Labs has significantly outperformed the benchmark Sensex, which has declined by 1.03% over the past week, while Laurus Labs has risen by 10.69%. This trend of outperformance is consistent over longer periods as well, with the stock generating a return of 101.70% over the past year compared to a flat performance from the Sensex. The stock's liquidity is also favorable, with a substantial increase in delivery volume, suggesting heightened investor interest. Overall, the combination of strong recent performance, positive financial indicators, and robust investor participation has driven the stock's price upward despite some concerns regarding its valuation and long-term growth potential.