Why is Sun Pharma.Inds. falling/rising?

As of 06-Aug, Sun Pharmaceutical Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,594.10, which represents a decrease of Rs 38.05 or 2.33%. The stock has underperformed the sector by 0.27% today and has been on a downward trend, falling consecutively for the last two days with a total decline of 2.86%. It is also trading below all major moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.45% away from Rs 1,555. The stock's performance over the past week shows a significant drop of 8.12%, while it has also underperformed the benchmark Sensex, which fell only 1.15% during the same period.
In the broader market context, the pharmaceuticals and drugs sector has seen a decline of 2.06%, contributing to the negative sentiment around Sun Pharma. Despite the company's strong long-term fundamentals, including low debt and healthy growth rates, the recent drop in investor participation, with delivery volume falling by 54.05% against the 5-day average, suggests a lack of confidence among investors. Furthermore, while the company has high institutional holdings at 36.75%, which typically indicates a level of stability, the recent performance metrics and market conditions have led to a bearish outlook for the stock in the short term.