Why is Apollo Hospitals falling/rising?

As of 28-Jul, Apollo Hospitals Enterprise Ltd. is experiencing a decline in its stock price, currently at Rs 7,371.30, which reflects a decrease of Rs 97.75 or 1.31%. Despite this drop, the stock has shown positive performance over the past week and month, with returns of 1.41% and 0.89%, respectively. It is also close to its 52-week high, being only 3.57% away from Rs 7,634.45. The stock has been trading above its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a generally strong position, although it is below the 20-day moving average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 36.18% against the 5-day average, which suggests growing interest despite the current price decline.
In the broader market context, the stock has outperformed the Sensex over various periods, including a 10.59% return over the past year compared to the benchmark's -0.54%. This indicates that while the stock is currently facing a decline, it has maintained a strong performance relative to the market. Factors contributing to its resilience include high management efficiency, healthy long-term growth rates, and positive financial results over the last six quarters. The company boasts a high return on capital employed (ROCE) and attractive valuations compared to peers, alongside significant institutional holdings that lend credibility to its performance. Overall, while the stock is experiencing a short-term decline, its long-term fundamentals remain robust, supporting a positive outlook.