Why is Divi's Lab. falling/rising?

As of 24-Sep, Divis Laboratories Ltd's stock price is currently at 5,975.00, reflecting a decrease of 75.85 points or 1.25%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 3.61%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the company's strong fundamentals, including a high return on equity and consistent positive quarterly results, the recent drop in delivery volume by 32.55% against the 5-day average suggests a decline in investor participation, which may be contributing to the stock's downward movement.
In the broader market context, Divis Laboratories Ltd has underperformed the benchmark Sensex over the past week, with a return of -1.34% compared to the Sensex's -1.18%. Over the past month, the stock has declined by 2.92%, while the Sensex has gained 0.50%. This trend highlights the stock's struggle relative to the market, despite its impressive long-term performance, which includes an 11.14% increase over the past year while the broader market has faced negative returns. The high institutional ownership at 38.79% indicates that informed investors are backing the company, but the current market sentiment appears to be weighing heavily on the stock's price.