Why is Novartis India falling/rising?

As of 18-Jul, Novartis India Ltd is experiencing a price increase, currently at 1,066.35, reflecting a change of 6.35 or 0.6% upward. The stock has shown strong performance today, outperforming its sector by 1.15%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past month, the stock has appreciated by 5.57%, while year-to-date, it has risen by 15.93%. The company has also reported a significant increase in operating profit, with a growth rate of 141.64%, and positive quarterly results, including the highest profit after tax and earnings per share recorded.
In the broader market context, Novartis India's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 0.90% over the past week. This indicates that Novartis is not only maintaining its value but also gaining traction relative to the overall market. The stock's liquidity is sufficient for trading, as evidenced by a notable increase in delivery volume, which has risen by 69.47% against the 5-day average. These factors collectively contribute to the stock's upward movement, suggesting investor confidence and a positive outlook for the company despite its longer-term performance being down by 10.54% over the past year.