Why is Venus Remedies falling/rising?

As of 09-Jul, Venus Remedies Ltd is experiencing a price increase, currently at Rs 468.80, which reflects a rise of Rs 15.3 or 3.37%. The stock has shown strong performance recently, gaining 8.52% over the last two days and is only 1.28% away from its 52-week high of Rs 474.8. It has outperformed its sector by 3.17% today and is trading above all key moving averages, indicating a bullish trend. The company has reported impressive financial results, including a 99.81% growth in net profit and positive results for the last two consecutive quarters, which contribute to its attractive valuation and market performance.
In the broader market context, Venus Remedies has outperformed the Sensex, with a 1-week return of 1.80% compared to the benchmark's 0.15%, and a year-to-date return of 48.75% against the Sensex's 6.91%. This strong performance reflects the company's ability to generate significant returns over both the short and long term, as evidenced by its 3-year return of 134.17% compared to the benchmark's 53.33%. However, it is worth noting that domestic mutual funds hold no stake in the company, which may indicate some caution regarding its valuation or business prospects.