Why is Apollo Hospitals falling/rising?

As of 28-Aug, Apollo Hospitals Enterprise Ltd. is experiencing a decline in its stock price, currently at Rs 7,722.05, reflecting a decrease of Rs 35.95 or 0.46%. The stock has been under pressure, having fallen consecutively for the last three days, resulting in a total decline of 2.51% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 4.76% increase over the past month and a notable 14.05% rise over the past year. Additionally, the stock is close to its 52-week high, just 3.36% away, and has outperformed its sector by 0.33% today. The rising investor participation, indicated by a 30.95% increase in delivery volume, suggests ongoing interest despite the recent price drop.
In the broader market context, Apollo Hospitals' short-term performance has slightly lagged behind the benchmark Sensex, which has decreased by 2.34% over the past week compared to the stock's 2.45% decline. However, the company's long-term growth prospects remain strong, supported by high management efficiency and consistent positive results over the last seven quarters. With a high return on capital employed (ROCE) and significant institutional holdings, Apollo Hospitals is well-positioned in its sector, which may help mitigate the impact of short-term volatility. The stock's attractive valuation and market-beating performance over the last three years further reinforce its potential for recovery and growth, despite the current downward trend.