Why is Abbott India falling/rising?

As of 29-Jul, Abbott India Ltd. is experiencing a price increase, currently at Rs 34,736.30, reflecting a rise of Rs 1,891.3 or 5.76%. The stock has shown a positive trend today, having outperformed its sector by 4.35% and reversing a three-day decline. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock is close to its 52-week high, just 3.41% away from Rs 35,921.55. Over the past year, Abbott India has generated a return of 23.68%, significantly outperforming the BSE500 index, and has shown impressive long-term performance with a 73.62% return over three years.
In the broader market context, Abbott India's short-term return of +1.57% over the past week contrasts sharply with the Sensex, which has declined by 1.03% during the same period. This divergence highlights the stock's resilience and strong investor interest, as evidenced by a 17.51% increase in delivery volume compared to the five-day average. The company's high management efficiency, reflected in a return on equity of 32.53% and a low debt-to-equity ratio, further supports its positive outlook. Overall, Abbott India's strong performance metrics and favorable market conditions contribute to its rising stock price.