Why is Laurus Labs falling/rising?

As of 13-Aug, Laurus Labs Ltd's stock price is rising, currently at 865.00, reflecting an increase of 35.0 or 4.22%. The stock has been performing well, having gained 5.66% over the last three days and outperforming its sector by 2.73% today. It has shown strong returns over various periods, including a 105.95% increase over the past year and a 43.60% rise year-to-date. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 18.50% and significant growth in net profit, which surged by 1219.25%. Additionally, high institutional holdings at 37.63% suggest confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Laurus Labs has outperformed the Sensex, which has remained relatively flat with a change of -0.01% over the past week. The stock's performance is particularly notable given the Sensex's decline of 2.38% over the past month. Despite a recent decrease in investor participation, as indicated by a 9.33% drop in delivery volume, the stock's liquidity remains sufficient for trading. While there are concerns regarding long-term growth due to a modest annual operating profit increase of 7.84% over the last five years, the overall positive results and market-beating performance in both the short and long term have contributed to the stock's rising price.