Why is Abbott India falling/rising?

As of 21-Jul, Abbott India Ltd. is experiencing a decline in its stock price, currently at 34,056.60, reflecting a decrease of 126.75 points or 0.37%. The stock has shown a trend reversal, falling after two consecutive days of gains. Despite this short-term decline, Abbott India has demonstrated strong performance over longer periods, with a 25.09% return in the last year and a remarkable 69.24% increase over the past three years. The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating overall strength, although it is currently below its 5-day moving average. Additionally, there has been a rise in investor participation, with a 16.31% increase in delivery volume compared to the 5-day average, suggesting continued interest in the stock.
In the broader market context, Abbott India's short-term performance is underwhelming compared to the benchmark, as it has declined by 1.11% over the past week while the Sensex has only decreased by 0.06%. However, the stock has outperformed the benchmark in the long term, with a 14.77% year-to-date return compared to the Sensex's 5.20%. The company benefits from high management efficiency, evidenced by a return on equity of 32.53%, and maintains a low debt-to-equity ratio, which supports its financial stability. These factors contribute to a positive outlook despite the recent price drop, indicating that the stock may be a hold for investors looking for long-term gains.