Why is Divi's Lab. falling/rising?

As of 08-Aug, Divis Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 5,910.60, which reflects a decrease of Rs 222.25 or 3.62%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in an overall decline of 8.97% during this period. It has also underperformed its sector by 2.46% today. The stock is trading below all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Despite these challenges, the company has shown strong fundamentals, including a high return on equity (ROE) of 17.46%, a low debt-to-equity ratio, and positive results over the last four quarters, with a significant growth in profit after tax (PAT) of 24.69% in the latest six months.
In the broader market context, Divis Laboratories has underperformed compared to the benchmark Sensex, which has only declined by 0.92% over the past week, while the stock itself has dropped by 7.05%. Over the last month, the stock's performance has been particularly weak, with a decline of 14.59% compared to the Sensex's 4.60% drop. However, the stock has outperformed the market over the past year, achieving a return of 21.99% against the Sensex's 1.23%. The rising investor participation, with a significant increase in delivery volume, suggests that some investors may still see value in the stock despite its recent downturn.