Why is Laurus Labs falling/rising?

As of 14-Aug, Laurus Labs Ltd is currently priced at 859.35, experiencing a decline of 5.65 points, or 0.65%. The stock has recently underperformed its sector by 0.77% and has seen a trend reversal after three consecutive days of gains. Despite this short-term decline, Laurus Labs has shown strong performance over longer periods, with a 99.43% increase in the past year and a 42.67% rise year-to-date. The company has reported impressive financial results, including a net profit growth of 1219.25% and a high return on capital employed (ROCE) of 18.50%. However, concerns about long-term growth persist, as the operating profit has only grown at an annual rate of 7.84% over the last five years.
In the broader market context, Laurus Labs has outperformed the Sensex, which has seen a slight decline of 0.03% over the past week, while Laurus Labs itself has increased by 2.29% in the same timeframe. This indicates that the stock has been resilient compared to the overall market. The high institutional holdings at 37.63% suggest confidence from more sophisticated investors, which may provide some support for the stock despite its recent price drop. Overall, while Laurus Labs has demonstrated strong long-term performance, the recent decline may be attributed to profit-taking after a significant rally and concerns regarding its long-term growth potential.