Why is Apollo Hospitals falling/rising?

As of 17-Jul, Apollo Hospitals Enterprise Ltd. is experiencing a slight decline in its stock price, currently at Rs 7,345.20, reflecting a decrease of -8.85 or -0.12%. The stock has underperformed its sector by -0.49% today and has seen a consecutive fall over the last two days, resulting in a total decline of -0.22% during this period. Despite this recent downturn, the stock has shown positive performance over the past month, with a return of +4.82%, and has consistently outperformed the benchmark over longer periods, including a +13.79% return over the past year. The company has also demonstrated strong fundamentals, with high management efficiency and significant growth in net sales and operating profit, which may support its valuation despite the current price movement.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by -1.12% over the past week. While Apollo Hospitals has been trading higher than its moving averages, indicating a generally positive trend, the recent price drop may reflect short-term market fluctuations rather than a fundamental weakness. The stock's high institutional holdings and favorable ratings suggest that it remains a strong contender in the market, despite the current price decline. Overall, while the stock is facing a minor setback, its long-term growth prospects and strong financial performance may provide resilience against broader market challenges.