Why is Novartis India falling/rising?

As of 25-Aug, Novartis India Ltd's stock price is rising, currently at 936.00, reflecting an increase of 21.95, or 2.4%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 1.99% today and reached an intraday high of Rs 938. The stock is trading higher than its 200-day moving averages but lower than its shorter-term moving averages. Despite a year-to-date return of +1.76%, the stock has struggled over the past month with a decline of -8.15% and a significant -17.89% drop over the last year. Positive factors contributing to the recent rise include a low debt-to-equity ratio, strong operating profit growth, and positive results over the last three quarters, which may have boosted investor confidence.
In the broader market context, the stock's short-term performance of +0.33% over the past week is slightly below the benchmark Sensex, which gained +0.45% in the same period. While the stock has shown some positive movement today, it has underperformed compared to the broader market over the longer term, with a -17.89% return in the last year against the Sensex's +0.68%. The relatively low stake held by domestic mutual funds may indicate a lack of confidence in the stock's valuation, especially given its expensive price-to-book ratio and below-par long-term performance compared to peers.