Why is Laurus Labs falling/rising?

As of 05-Aug, Laurus Labs Ltd is experiencing a decline in its stock price, currently at 856.45, reflecting a decrease of 5.15 points or 0.6%. Today's price summary indicates that the stock has outperformed its sector by 0.35%, although it is currently lower than its 5-day moving averages. The stock has shown a significant performance over the past year, generating a return of 99.62%, and has outperformed the BSE500 in the last three years. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 73.59% compared to the 5-day average. While the company has demonstrated high management efficiency and impressive growth in net profit, the long-term growth rate of operating profit at 7.84% raises some concerns about sustainability.
In the broader market context, Laurus Labs' recent performance contrasts with the benchmark, as it has outperformed the Sensex by a substantial margin over various periods, including a 10.37% gain over the past month compared to a 3.26% decline in the benchmark. Despite this, the stock's current decline may be influenced by its expensive valuation metrics, including a high enterprise value to capital employed ratio and a PEG ratio of 0.4, suggesting that while the stock has performed well, its valuation may be a concern for investors. Overall, while Laurus Labs has shown strong short-term and long-term performance, the recent price drop could be attributed to investor sentiment influenced by declining participation and valuation concerns.