Why is Apollo Hospitals falling/rising?

As of 10-Jul, Apollo Hospitals Enterprise Ltd. is experiencing a decline in its stock price, currently at Rs 7,358.90, which reflects a decrease of Rs 96.1 or 1.29%. The stock has underperformed its sector by 0.29% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 3.18% during this period. Despite being close to its 52-week high, the stock's recent performance shows a negative return of 2.59% over the past week, although it has performed positively over the longer term, with a 15.62% increase over the past year. The company has demonstrated strong fundamentals, with high management efficiency and consistent positive results over the last six quarters, including significant growth in net sales and operating profit.
In the broader market context, while the stock has shown a year-to-date return of 0.86%, it has lagged behind the Sensex, which has increased by 6.46% during the same period. The stock's recent decline may be attributed to falling investor participation, as indicated by a 58.2% drop in delivery volume compared to the five-day average, suggesting reduced interest from investors. Despite these short-term challenges, Apollo Hospitals maintains a strong institutional holding of 65.25% and is recognized for its high performance relative to peers, which could provide a buffer against market fluctuations. Overall, while the stock is currently facing downward pressure, its long-term growth potential and solid fundamentals remain attractive to investors.