Why is Laurus Labs falling/rising?

As of 05-Sep, Laurus Labs Ltd is currently priced at 879.80, reflecting an increase of 6.4 (0.73%). The stock has shown strong performance, trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. It is also close to its 52-week high, being only 4.86% away from Rs 922.55. Over the past week, the stock has risen by 2.74%, and it has outperformed the sector by 0.8% today. The company has demonstrated impressive financial results, including a net profit growth of 1219.25% and a significant increase in net sales, which has contributed to its positive market perception. However, there is a noted decline in investor participation, with delivery volume falling by 33% against the 5-day average, which could indicate some caution among investors.
In the broader market context, Laurus Labs has outperformed the Sensex, generating a return of 46.06% year-to-date compared to the benchmark's 3.29%. The stock has consistently beaten market performance over various periods, including a remarkable 79.92% return over the past year. Despite these positive indicators, concerns about long-term growth persist due to a relatively low operating profit growth rate of 7.84% over the last five years and a high valuation compared to its peers. Nonetheless, the high institutional holdings at 37.63% suggest confidence from more sophisticated investors, which may help support the stock's upward momentum in the near term.