Why is Divi's Lab. falling/rising?

As of 07-Aug, Divis Laboratories Ltd's stock price is currently at Rs 6,132.85, reflecting a decrease of Rs 1.4 or 0.02%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 5.55%. In terms of returns, the stock has experienced a significant drop of 10.87% over the past month and 7.15% over the past week, while it has shown a positive year-to-date return of 0.54% and a robust annual return of 24.17%. Despite these recent declines, the company maintains a high management efficiency with a return on equity (ROE) of 17.46%, a low debt-to-equity ratio, and has reported positive results for the last four consecutive quarters, which may support its long-term value.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 0.69% over the past week and 3.38% over the past month. This indicates that Divis Laboratories Ltd is underperforming relative to the market. The stock's liquidity remains adequate, and there has been a rise in investor participation, suggesting some interest despite the recent price drop. High institutional holdings at 38.79% may provide a buffer against volatility, as these investors typically have more resources to analyze the company's fundamentals. Overall, while the stock has shown strong long-term performance, its recent short-term declines reflect broader market pressures and specific challenges that may be impacting investor sentiment.