Why is Divi's Lab. falling/rising?

As of 06-Aug, Divis Laboratories Ltd's stock price is currently at Rs 6,146.50, reflecting a decrease of Rs 262.85 or 4.1%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.34% during this period. Today's performance indicates that it has underperformed its sector by 2.04%, with an intraday low of Rs 6,058.5. Over the past week, the stock has declined by 7.54%, and over the past month, it has dropped 11.24%. Despite these short-term declines, the company has shown strong fundamentals, including a high return on equity (ROE) of 17.46%, low debt levels, and positive results over the last four quarters, which could support its long-term value.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.15% over the past week and 3.46% over the past month. This indicates that Divis Laboratories Ltd is facing specific challenges that are not affecting the broader market to the same extent. Additionally, the pharmaceuticals and drugs sector has also seen a decline of 2.06%, suggesting that the stock's performance is influenced by sector-wide pressures. However, the stock has outperformed the market over the past year, generating a return of 26.69% compared to the Sensex's 2.48%, which highlights its potential resilience despite recent volatility.