Why is Abbott India falling/rising?

As of 04-Aug, Abbott India Ltd. is experiencing a price increase, currently at 34,045.00, reflecting a rise of 450.0 or 1.34%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a slight drop of 1.89% over the past month, Abbott India has outperformed the BSE500 in the last year with a return of 20.45%. The stock's performance today has outpaced its sector by 1%, although there has been a noted decrease in investor participation, with delivery volume falling by 11.75% against the five-day average. The company maintains a high management efficiency with a return on equity of 32.53% and a low debt-to-equity ratio, which supports its stable performance.
In the broader market context, Abbott India's short-term return of +3.65% over the past week significantly outperforms the Sensex, which has only increased by 0.16% during the same period. This indicates that while the overall market is relatively stagnant, Abbott India is gaining traction, likely due to its strong management and consistent long-term performance. The stock's liquidity remains adequate for trading, further supporting its price movement. Overall, the combination of positive company fundamentals and a favorable short-term performance relative to the benchmark contributes to the stock's rising price.