Why is Apollo Hospitals falling/rising?

As of 15-Jul, Apollo Hospitals Enterprise Ltd. is experiencing a price increase, currently at Rs 7,361.50, reflecting a rise of Rs 145.5 or 2.02%. The stock has been gaining for the last two days, with a total return of 2.21% during this period. It is currently 3.71% away from its 52-week high of Rs 7,634.45 and has outperformed its sector by 0.58%. The stock's performance over the past month shows a positive return of 5.48%, while it has generated a notable return of 14.37% over the past year, significantly higher than the market's return of 2.36%. The company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 15.08%, consistent positive results over the last six quarters, and impressive growth in net sales and operating profit.
In the broader market context, Apollo Hospitals' short-term performance has outpaced the benchmark Sensex, which has declined by 1.36% over the past week while the stock itself has fallen by 2.70% in the same timeframe. This indicates a relative strength in the stock compared to the overall market. The high institutional holdings at 65.05% suggest confidence from larger investors, which may contribute to the stock's upward momentum. Furthermore, the company's attractive valuation and strong market position, being the second largest in its sector, reinforce investor interest and support the stock's rising price.