Why is Apollo Hospitals falling/rising?

As of 13-Aug, Apollo Hospitals Enterprise Ltd. is experiencing a significant rise in its stock price, currently at Rs 7,808.45, reflecting an increase of Rs 531.45 or 7.3%. The stock has recently hit a new 52-week high of Rs 7,839.25 and has outperformed its sector by 3.47%. Over the past three days, the stock has gained 9.9%, and it is trading above all its key moving averages, indicating strong momentum. 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 seven consecutive quarters, contributing to its robust performance. Additionally, the stock's attractive valuation and consistent returns over the past three years have further bolstered investor confidence.
In the broader market context, Apollo Hospitals has outperformed the benchmark Sensex, which has remained flat with a change of -0.01% over the past week, while Apollo's stock has risen by 8.64%. This contrast highlights the stock's strong performance relative to the market. Despite a slight decline in investor participation, the high institutional holdings at 65.05% suggest that knowledgeable investors are backing the stock, which may contribute to its upward trajectory. Overall, the combination of strong financial performance, positive market sentiment, and institutional support has led to the recent rise in Apollo Hospitals' stock price.