Why is Laurus Labs falling/rising?

As of 01-Sep, Laurus Labs Ltd's stock price is currently at 859.70, reflecting an increase of 3.35 (0.39%). The stock has shown a trend reversal, gaining after five consecutive days of decline. Despite a recent drop in delivery volume by 66.42% against the five-day average, the stock has outperformed its sector by 0.42% today. Over the past year, Laurus Labs has generated an impressive return of 82.95%, significantly outperforming the Sensex, which has declined by 2.43%. The company has demonstrated strong financial performance, with a net profit growth of 1219.25% and positive results for the last three consecutive quarters, contributing to a high management efficiency reflected in a return on capital employed (ROCE) of 18.50%. However, concerns about long-term growth persist, as operating profit has only grown at an annual rate of 7.84% over the last five years.
In the broader market context, Laurus Labs' recent performance contrasts with the benchmark, as it has outperformed the Sensex over both the short-term and long-term periods. While the stock has seen a decline of 1.53% over the past week, the benchmark has experienced a similar decline of 1.56%. This indicates that the stock's recent upward movement may be a response to its strong fundamentals and positive earnings reports, despite the overall market's challenges. The high institutional holdings at 37.63% suggest confidence among more sophisticated investors, which may also support the stock's price stability and potential for recovery in the near term.