Why is Abbott India falling/rising?

As of 02-Jul, Abbott India Ltd. is experiencing a price increase, currently at Rs 35,170.00, reflecting a rise of Rs 460.0 or 1.33%. The stock has shown strong performance, being only 1.88% away from its 52-week high and outperforming its sector by 1.25% today. Over the past week, Abbott India has gained 11.06%, and its year-to-date return stands at 18.52%. The stock is trading above all its moving averages, indicating a positive trend. However, there has been a notable decrease in investor participation, with delivery volume dropping by 50.35% compared to the 5-day average. The company benefits from high management efficiency, reflected in a return on equity (ROE) of 32.53%, and a low debt-to-equity ratio, which supports its stable financial position.
In the broader market context, Abbott India's short-term performance significantly outpaces the benchmark, with a 1-week return of 11.06% compared to the Sensex's 0.79%. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. The company's strong long-term performance, generating 27.32% returns over the past year and outperforming the BSE500 in various time frames, further solidifies its positive outlook. Despite the drop in delivery volume, the liquidity remains adequate for trading, suggesting that the stock's upward movement is supported by solid fundamentals and market confidence.