Why is Laurus Labs falling/rising?

As of 08-Aug, Laurus Labs Ltd is experiencing a decline in its stock price, currently at Rs 818.65, reflecting a decrease of Rs 21.45 or 2.55%. Today's price summary indicates that the stock has underperformed its sector by 1.39%, with an intraday low of Rs 818.6. Despite a strong performance over the past year, where the stock has generated an impressive return of 89.06%, recent trading shows a decline of 3.47% over the past week and a significant drop in investor participation, with delivery volume falling by 37.29% against the 5-day average. While the company has demonstrated high management efficiency and positive financial results, including a net profit growth of 1219.25%, the long-term growth concerns and relatively expensive valuation may be contributing to the recent price decline.
In the broader market context, Laurus Labs' short-term performance has lagged behind the benchmark, with the Sensex down only 0.92% over the same week. Although the stock has outperformed the benchmark in the long term, the recent underperformance and declining investor interest suggest a cautious sentiment among investors. The stock's higher valuation metrics and slower operating profit growth may also be influencing its current price movement, as investors weigh the potential risks against the company's strong historical performance.