Why is Apollo Hospitals falling/rising?

As of 23-Jul, Apollo Hospitals Enterprise Ltd. is experiencing a price increase, with the current price at Rs 7,377.40, reflecting a rise of Rs 130.4 or 1.8%. The stock has shown a positive trend today, outperforming its sector by 0.42% and gaining after five consecutive days of decline. It is currently trading close to its 52-week high, just 3.48% away from Rs 7,634.45. Over the past week, the stock has increased by 0.32%, and over the last month, it has risen by 5.39%. The company has demonstrated strong financial performance, with a high return on capital employed (ROCE) of 15.08%, consistent growth in net sales, and positive results for the last six quarters, which have likely contributed to the stock's upward movement.
In the broader market context, Apollo Hospitals has outperformed the benchmark Sensex, which has increased by only 0.11% over the past week and 1.01% over the past month. The stock's year-to-date return of 1.11% is lower than the Sensex's 5.87%, but its one-year return of 15.51% significantly surpasses the benchmark's 2.86%. High institutional holdings at 65.05% suggest strong confidence from knowledgeable investors, further supporting the stock's rise. Despite a recent decline in delivery volume, the stock remains liquid enough for trading, indicating ongoing investor interest. Overall, the combination of strong financial metrics, positive market sentiment, and institutional backing has contributed to the stock's recent upward trajectory.