Why is Apollo Hospitals falling/rising?

As of 01-Aug, Apollo Hospitals Enterprise Ltd. is experiencing a decline in its stock price, currently at Rs 7,344.10, which reflects a decrease of Rs 166.95 or 2.22%. The stock has underperformed its sector today, with a performance drop of 1.67%. It is currently 3.95% away from its 52-week high of Rs 7,634.45 and has touched an intraday low of Rs 7,327.45, indicating some volatility. Despite this short-term decline, the stock has shown positive long-term performance, with a 9.57% increase over the past year and a remarkable 71.26% rise over the last three years. The company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 15.08%, consistent positive results over the last six quarters, and significant growth in net sales and operating profit.
In the broader market context, Apollo Hospitals' recent performance is slightly worse than the benchmark, as it has declined by 1.67% over the past week compared to a 1.06% drop in the Sensex. This indicates that while the stock is facing downward pressure, it is not alone in this trend, as the overall market is also experiencing declines. The stock's liquidity remains adequate, and it boasts high institutional holdings at 65.05%, suggesting confidence from larger investors. However, the recent drop in delivery volume by 13.56% against the five-day average may indicate waning investor interest, contributing to the stock's current downward movement.