Why is Laurus Labs falling/rising?

As of 30-Oct, Laurus Labs Ltd is experiencing a price increase, currently at Rs. 970.00, reflecting a rise of 8.5 points or 0.88%. The stock has recently hit a new 52-week high of Rs. 972.55 and has outperformed its sector by 1.22%. Over the past four days, Laurus Labs has shown a consecutive gain, rising 4.84% during this period. The stock's performance has been impressive, with a year-to-date return of 61.04% and a one-year return of 100.77%, significantly outperforming the Sensex, which has only increased by 8.02% and 5.58% respectively. Positive factors contributing to this rise include a remarkable growth in net profit of 993.4% and consistent positive results over the last four quarters, alongside high institutional holdings at 37.63%. However, the company faces risks due to a high Debt to EBITDA ratio of 3.74 times and a low long-term growth rate in operating profit.
Broader Market Context: In the short term, Laurus Labs has outperformed the benchmark Sensex, which has seen a slight decline of 0.18% over the past week while Laurus Labs has gained 3.55%. This indicates strong investor confidence in Laurus Labs compared to the broader market. Despite the positive stock performance, the decline in delivery volume by 34.5% against the five-day average suggests a potential concern regarding investor participation. Nonetheless, the stock's liquidity remains adequate for trading, and its market-beating performance in both the near and long term reinforces its attractiveness to investors.