Why is Abbott India falling/rising?

As of 27-Jun, Abbott India Ltd. is experiencing a price increase, with its current price at Rs. 34,800.95, reflecting a rise of Rs. 1,551.0 or 4.66%. The stock has recently hit a new 52-week and all-time high of Rs. 35,821.5, demonstrating strong performance today by outperforming its sector by 3.78%. Over the past four days, the stock has gained 12.08%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown significant investor interest, with a delivery volume increase of 220.07% compared to the 5-day average. The company boasts a high return on equity (ROE) of 32.53% and a low debt-to-equity ratio, indicating strong management efficiency and financial health, which further supports the stock's upward movement.
In the broader market context, Abbott India has outperformed the benchmark Sensex, with a 1-week return of 9.96% compared to the Sensex's 2.00%, and a year-to-date return of 17.28% against the Sensex's 7.58%. This trend of outperformance is consistent over various time frames, including a 27.35% return over the past year, which significantly exceeds the BSE 500's performance. The stock's liquidity is also favorable, allowing for substantial trading activity, which contributes to its rising price. Overall, the combination of strong company fundamentals, positive market sentiment, and robust trading activity has led to the recent increase in Abbott India's stock price.