Why is Laurus Labs falling/rising?

As of 20-Oct, Laurus Labs Ltd's stock price is rising, currently at Rs 921.00, reflecting an increase of Rs 21.25 or 2.36%. The stock has shown strong performance recently, gaining 5.49% over the last two days and is only 2.5% away from its 52-week high of Rs 944. It has outperformed its sector by 1.68% today and is trading above all key moving averages, indicating positive momentum. The company has demonstrated impressive financial results, with a net profit growth of 1219.25% and consistent positive results over the last three quarters, which has contributed to high institutional holdings at 37.63%. 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 outperformed the Sensex in the short term, with a 1-week return of 5.15% compared to the Sensex's 2.47%. This strong performance in the near term, combined with the company's solid financial results and high management efficiency, has likely attracted investor interest, contributing to the stock's rise. Despite the positive short-term performance, the stock's long-term growth prospects remain a concern due to its relatively high valuation and slower operating profit growth, which could affect future investor sentiment.