Why is Abbott India falling/rising?

As of 23-Jul, Abbott India Ltd. is experiencing a rise in its stock price, currently at Rs 34,745.50, reflecting an increase of 545.5 points or 1.6%. The stock has shown strong performance, gaining 2.02% over the last two days and outperforming its sector by 1.09% today. It is also trading above all key moving averages, indicating positive momentum. Over the past year, Abbott India has delivered a remarkable return of 24.94%, significantly outperforming the BSE500 index in various time frames, including 1 month and 3 years. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 32.53%, and maintains a low debt-to-equity ratio, which supports its financial stability and attractiveness to investors.
In the broader market context, Abbott India's short-term return of 2.19% over the past week stands in stark contrast to the Sensex, which has only increased by 0.11% during the same period. This significant outperformance highlights the stock's strength relative to the overall market. The rising investor participation, with a notable increase in delivery volume, further underscores the stock's liquidity and appeal among traders. Overall, the combination of strong financial metrics, consistent performance, and favorable market conditions contributes to the upward movement of Abbott India's stock price.