Why is Apollo Hospitals falling/rising?

As of 29-Jul, Apollo Hospitals Enterprise Ltd. is experiencing a price increase, currently at Rs 7,457.00, reflecting a rise of Rs 85.7 or 1.16%. The stock is trading close to its 52-week high, just 2.38% away from Rs 7,634.45, and has outperformed its sector by 0.45% today. Over the past week, the stock has gained 2.90%, while it has shown a positive return of 11.36% over the past year, significantly outperforming the Sensex, which has remained flat at -0.02%. Despite a recent decline in investor participation, with delivery volume falling by 46.75% against the 5-day average, the stock's strong fundamentals, including a high return on capital employed (ROCE) of 15.08%, consistent positive quarterly results, and healthy long-term growth in net sales and operating profit, contribute to its upward movement.
In the broader market context, Apollo Hospitals' recent performance contrasts with the Sensex, which has declined by 1.03% over the past week. The company's high institutional holdings at 65.05% indicate strong confidence from knowledgeable investors, further supporting its stock price. Additionally, Apollo Hospitals is recognized among the top 1% of companies rated by MarketsMojo, reflecting its strong market position and growth potential. The stock's attractive valuation, trading at a discount compared to peers, along with a PEG ratio of 1.2, suggests that it remains a compelling investment despite the recent drop in trading volume. Overall, the combination of solid financial performance and favorable market sentiment underpins the stock's rising price.