Why is Abbott India falling/rising?

As of 22-Jul, Abbott India Ltd. has seen its stock price rise to 34,200.00, reflecting an increase of 143.4 or 0.42%. The stock has outperformed its sector by 1.33% today, although it has traded within a narrow range of Rs 196.2. Despite a decrease in delivery volume by 42.23% against the 5-day average, the stock remains liquid enough for trading. Over the past month, Abbott India has delivered an impressive return of 8.06%, and its year-to-date performance stands at 15.26%, significantly outperforming the Sensex, which has only gained 5.18% in the same period. The company also boasts a high return on equity of 32.53% and a low debt-to-equity ratio, indicating strong management efficiency and financial health.
In the broader market context, Abbott India's short-term performance has been relatively stable, with a slight decline of 0.39% over the past week compared to a marginally larger decline of 0.47% in the Sensex. This suggests that while the stock has faced some downward pressure recently, it has managed to maintain a stronger position relative to the benchmark index. The company's long-term performance is noteworthy, with a 23.23% return over the past year and a remarkable 128.97% increase over the last five years, further solidifying its reputation as a strong investment choice in both the near and long term.