Why is Laurus Labs falling/rising?

As of 17-Nov, Laurus Labs Ltd's stock price is rising, currently at 1,022.30, reflecting an increase of 24.45 (2.45%). The stock has recently achieved a new 52-week high of Rs. 1025 and has outperformed its sector by 2.17%. Over the last four days, Laurus Labs has shown a consecutive gain, rising 3.69% during this period. The company has demonstrated strong performance with a remarkable growth in net profit of 993.4% and has consistently declared positive results for the last four quarters. Additionally, the stock is trading above all key moving averages, indicating a strong upward trend, and has seen increased investor participation, with delivery volume rising by 7.04% against the five-day average.
In the broader market context, Laurus Labs has outperformed the Sensex, generating a 2.08% return over the past week compared to the benchmark's 1.69%. The stock has also delivered impressive returns of 111.22% over the past year, significantly exceeding the Sensex's 9.50% return during the same period. While the company has high institutional holdings at 37.63%, indicating confidence from larger investors, there are concerns regarding its long-term growth potential, as operating profit has only grown at an annual rate of 5.37% over the last five years. Despite these risks, the stock's recent performance and strong financial results have contributed to its rising price.