Why is Abbott India falling/rising?

As of 04-Jul, Abbott India Ltd. is experiencing a decline in its stock price, currently at Rs 34,700.00, which reflects a decrease of Rs 515.0 or 1.46%. The stock has underperformed its sector today by 1.97% and has fallen after two consecutive days of gains. Despite this recent downturn, Abbott India has shown strong performance over the longer term, with a 24.44% return over the past year and an impressive 83.21% return over the last three years. The stock is currently 3.52% away from its 52-week high, and while it is above its 20-day, 50-day, 100-day, and 200-day moving averages, it is below the 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 60.34% compared to the 5-day average.
In the broader market context, Abbott India's short-term performance has been relatively better than the benchmark Sensex, which has declined by 0.74% over the past week, while Abbott has only decreased by 0.29%. This suggests that the stock is holding up better than the overall market in the short term. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 32.53%, and a low debt-to-equity ratio, which supports its stability. The majority ownership by promoters and consistent market-beating performance in both the near and long term further bolster investor confidence, despite the recent price drop.