Why is Apollo Hospitals falling/rising?

As of 18-Jul, Apollo Hospitals Enterprise Ltd. is currently priced at Rs 7,312.90, reflecting a decrease of Rs 32.3 or 0.44%. The stock has been experiencing a decline over the past three days, resulting in a total drop of 0.66% during this period. Despite this recent downturn, Apollo Hospitals has shown strong performance over the longer term, with a 12.23% return over the past year, significantly outperforming the broader market, which has only generated a return of 0.51%. The stock is trading above its moving averages and is close to its 52-week high, indicating underlying strength. However, a notable decrease in investor participation, with delivery volume falling by 30.33%, may be contributing to the recent price decline.
In the broader market context, while the stock has outperformed the benchmark Sensex in various time frames, including a 1-week return of 1.54% compared to the Sensex's -0.90%, the recent three-day drop suggests some short-term volatility. The company's strong fundamentals, including high management efficiency, consistent positive quarterly results, and attractive valuation metrics, position it favorably in the market. However, the decline in delivery volume and recent price movement may reflect a temporary market sentiment shift, despite the stock's overall robust performance and high institutional holdings.