Why is Cipla falling/rising?

As of 26-Aug, Cipla Ltd. is experiencing a decline in its stock price, currently at 1,578.00, reflecting a decrease of 23.3 points or 1.46%. Despite this drop, the stock has shown resilience in the short term, outperforming its sector by 0.34% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Cipla's stock has increased by 1.88%, and it has also posted a 3.06% gain over the past month. However, the stock has generated a return of -0.96% over the past year, despite a significant profit increase of 21.3%. The company maintains a low debt-to-equity ratio and has high institutional holdings, which may contribute positively to investor sentiment. Nonetheless, the flat results reported in June and the lowest cash and cash equivalents in the first half of the year present potential risks that could be impacting the stock's current performance.
In the broader market context, Cipla's recent performance contrasts with the Sensex, which has declined by 1.05% over the past week and 0.83% over the past month. While Cipla's year-to-date return of 3.14% is slightly below the Sensex's 3.39%, its long-term performance remains strong, with a 54.67% increase over the past three years compared to the benchmark's 37.31%. This indicates that, despite the recent price drop, Cipla has been able to maintain a competitive edge in the market over a longer horizon, suggesting that the current decline may be more of a short-term fluctuation rather than a reflection of the company's overall health.