Why is Laurus Labs falling/rising?

As of 08-Sep, Laurus Labs Ltd's stock price is rising, currently at Rs 895.90, reflecting an increase of Rs 16.1 or 1.83%. The stock has shown strong performance recently, gaining 4.21% over the past week and 9.11% over the last month. It is currently trading close to its 52-week high, just 2.97% away from Rs 922.55. The stock has outperformed its sector by 1.96% today and has experienced consecutive gains over the last two days, with a total return of 2.58%. The company's impressive financial results, including a net profit growth of 1219.25% and a high return on capital employed (ROCE) of 18.50%, contribute positively to its recent price movement. However, there is a noted decline in investor participation, with delivery volume falling by 37.74% against the 5-day average, which could indicate a potential concern for future momentum.
In the broader market context, Laurus Labs has significantly outperformed the benchmark Sensex, which has only increased by 0.53% over the past week. The stock's year-to-date return of 48.73% and 86.10% return over the past year further highlight its strong performance relative to the broader market, which has seen a decline of 0.49% in the same period. This market-beating performance, coupled with high institutional holdings at 37.63%, suggests that informed investors are confident in the company's prospects. However, the stock's valuation concerns, indicated by a high enterprise value to capital employed ratio and a relatively low growth rate in operating profit over the last five years, may temper some investor enthusiasm moving forward.