Why is Apollo Hospitals falling/rising?

As of 01-Jul, Apollo Hospitals Enterprise Ltd. is experiencing a price increase, with its current price at Rs 7,494.20, reflecting a rise of Rs 257.65 or 3.56%. The stock has shown strong performance today, having opened with a gain of 3.64% and reaching an intraday high of Rs 7,583.30, marking a 4.79% increase. Over the past week, the stock has risen by 6.87%, significantly outperforming the Sensex, which increased by only 2.00%. The company has demonstrated robust financial health, with net sales and operating profit growing at annual rates of 14.15% and 18.54%, respectively. Additionally, Apollo Hospitals has reported positive results for the last six consecutive quarters, contributing to its strong performance and high institutional holdings of 65.25%, which further supports investor confidence.
In the broader market context, Apollo Hospitals' short-term return of 6.87% over the past week is notably higher than the Sensex's 2.00% increase, indicating that the stock is outperforming the market. This trend is consistent with its long-term performance, where it has generated a return of 22.11% over the past year, also surpassing the benchmark. The stock's attractive valuation, with a PEG ratio of 1.2 and a high return on capital employed (ROCE) of 15.08%, suggests that it is trading at a discount compared to its peers, further enhancing its appeal to investors. Overall, the combination of strong financial results, positive market sentiment, and institutional backing contributes to the stock's rising trajectory.