Why is Morepen Labs. falling/rising?

As of 04-Jul, Morepen Laboratories Ltd is experiencing a rise in its stock price, currently at 65.24, reflecting an increase of 1.3 or 2.03%. The stock has shown a positive performance today, outperforming its sector by 1.52%, and has gained consecutively over the last two days, accumulating a total return of 5.72% during this period. Additionally, the stock's performance over the past week has been strong, with a return of 3.95%, while it has also outperformed the BSE500 in the last three years, one year, and three months. Despite a year-to-date decline of 16.68%, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 35.63%, and a return on equity (ROE) of 10.2, indicating an attractive valuation.
In the broader market context, while the Sensex has seen a slight decline of 0.74% over the past week, Morepen Laboratories Ltd's recent performance stands out positively. The stock's liquidity is adequate, with a significant increase in delivery volume, suggesting rising investor participation. However, it is important to note that domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation or business prospects. Despite some negative results reported in March, including a significant drop in profit before tax and a decrease in earnings per share, the overall market-beating performance and positive growth indicators have contributed to the stock's upward movement.