Why is Apollo Hospitals falling/rising?

As of 24-Jul, Apollo Hospitals Enterprise Ltd. is currently priced at 7,362.65, reflecting a decrease of 14.75 points or 0.2%. The stock has shown a strong performance over the past month, with a return of 5.00%, outperforming the benchmark Sensex, which has only increased by 0.16% during the same period. Despite today's decline, the stock is trading above its moving averages across various timeframes, indicating a generally positive trend. Additionally, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 15.08%, and it has reported positive results for the last six consecutive quarters, contributing to a robust annual growth in net sales and operating profit. The stock's attractive valuation, high institutional holdings, and strong market performance further support its potential despite the current price drop.
In the broader market context, the stock's performance over the past week has been slightly better than the benchmark, with a return of 0.24% compared to the Sensex's decline of 0.09%. However, the stock has underperformed its sector today by 1.15%, which may have contributed to the current price decline. Overall, while Apollo Hospitals has shown strong long-term growth and market-beating performance, the recent dip in price could be attributed to short-term fluctuations and sector-specific pressures.