Why is Apollo Hospitals falling/rising?

As of 22-Aug, Apollo Hospitals Enterprise Ltd. is experiencing a slight increase in its stock price, currently at 7,920.75, reflecting a change of 4.45 (0.06%) upward. The stock has recently hit a new 52-week and all-time high of Rs.7981.2, and it has outperformed its sector by 0.78%. Over the last three days, the stock has gained 1.35%, and it is trading above all key moving averages, indicating strong momentum. Despite a decline in delivery volume by 21.63% against the five-day average, the company showcases high management efficiency with a return on capital employed (ROCE) of 15.08%, consistent positive quarterly results, and significant growth in net sales and operating profit. The stock is also trading at a discount compared to its peers, with a PEG ratio of 1.4, suggesting favorable valuation metrics.
In the broader market context, Apollo Hospitals has outperformed the Sensex, with a one-week return of +1.25% compared to the benchmark's +0.88%. The stock has shown robust performance over longer periods as well, with a year-to-date return of +8.56% against the Sensex's +4.05%, and a remarkable three-year return of +96.78% compared to the benchmark's +38.34%. This consistent outperformance, combined with high institutional holdings at 65.05%, indicates strong investor confidence in the company's fundamentals, contributing to the stock's upward trajectory.