Why is Laurus Labs falling/rising?

As of 19-Sep, Laurus Labs Ltd is experiencing a rise in its stock price, currently at 933.40, reflecting an increase of 10.4 points or 1.13%. The stock has recently hit a new 52-week high of Rs. 944 and has shown strong performance, gaining 4.63% over the last two days. It has outperformed its sector by 0.86% today and is trading above all key moving averages, indicating a bullish trend. The company has reported impressive financial results, including a net profit growth of 1219.25% and consistent positive results over the last three quarters, which has contributed to a high management efficiency reflected in a return on capital employed (ROCE) of 18.50%. However, there are concerns regarding its long-term growth potential, as operating profit has only grown at an annual rate of 7.84% over the past five years.
In the broader market context, Laurus Labs has significantly outperformed the benchmark Sensex, with a 1-week return of 4.17% compared to the Sensex's 0.88%, and a year-to-date return of 54.96% against the Sensex's 5.74%. This strong performance in both the short and long term highlights the stock's resilience and attractiveness to investors, particularly given its high institutional holdings of 37.63%. Despite some valuation concerns, such as a high enterprise value to capital employed ratio, the overall market sentiment remains positive, bolstered by rising investor participation and liquidity in the stock.