Why is Laurus Labs falling/rising?

As of 07-Aug, Laurus Labs Ltd is experiencing a price increase, with the current price at 840.10, reflecting a change of 4.6 (0.55%) upward. Today's price summary indicates that the stock has gained after two consecutive days of decline, although it is currently showing lower delivery volume, which has decreased by 63.43% compared to the 5-day average. The stock has demonstrated strong performance over the past month, with an increase of 8.16%, and has outperformed the benchmark Sensex over various periods, including a remarkable 93.57% return over the last year. Positive factors contributing to this rise include high management efficiency, significant growth in net profit, and consistent positive results over the last three quarters, alongside high institutional holdings that suggest confidence from knowledgeable investors.
In the broader market context, Laurus Labs' short-term performance of -3.91% over the past week contrasts with the Sensex's decline of only -0.69%, indicating that while the stock has faced some recent challenges, its long-term trajectory remains strong with a year-to-date return of 39.47%. The stock's ability to outperform the market over longer periods, coupled with its strong financial results, suggests that investors remain optimistic despite short-term fluctuations. However, concerns about poor long-term growth and high valuations may temper enthusiasm, as the operating profit growth has been modest at 7.84% annually over the last five years.