Why is Abbott India falling/rising?

As of 16-Jul, Abbott India Ltd. is experiencing a decline in its stock price, currently at 34,000.00, which reflects a decrease of 334.2 points or 0.97%. The stock has underperformed its sector by 0.7% today and has been on a consecutive fall for the last two days, accumulating a total decline of 1.28% during this period. Although the stock has shown strong performance over the longer term, with a 14.58% increase year-to-date and an 18.90% rise over the past year, recent trading activity indicates a drop in investor participation, as evidenced by a 0.96% decrease in delivery volume compared to the five-day average. Despite its high management efficiency and low debt-to-equity ratio, the stock's recent movement suggests some short-term weakness.
In the broader market context, Abbott India's short-term performance has been slightly better than the benchmark Sensex, which has declined by 1.08% over the past week while Abbott fell by only 0.77%. This indicates that while the stock is facing some challenges, it is not alone in its struggles, as the overall market is also experiencing downward pressure. However, the stock's long-term performance remains strong, outperforming the BSE500 over various time frames, which may provide some reassurance to investors despite the current decline.