Why is Apollo Hospitals falling/rising?

As of 01-Sep, Apollo Hospitals Enterprise Ltd. is experiencing a price increase, with its current price at Rs 7,685.00, reflecting a rise of Rs 82.55 or 1.09%. The stock has shown a trend reversal, gaining after four consecutive days of decline. It is currently 3.85% away from its 52-week high of Rs 7,981.2. Despite a recent drop in delivery volume by 15.57% against the 5-day average, the stock remains liquid enough for trading. Over the past month, Apollo Hospitals has outperformed the benchmark Sensex, with a return of 4.64% compared to the Sensex's -0.29%. Additionally, the stock has generated a return of 10.73% over the past year, significantly outperforming the Sensex's decline of 2.43%.
In the broader market context, while the stock has faced a short-term decline, its long-term performance remains strong, with consistent returns over the last three years and a high management efficiency reflected in a return on capital employed (ROCE) of 15.08%. The company has reported positive results for the last seven consecutive quarters, indicating robust financial health. High institutional holdings at 65.05% suggest strong investor confidence, as these investors typically have better resources to analyze the company's fundamentals. Overall, the combination of solid financial performance, positive growth indicators, and a favorable valuation compared to peers supports the stock's recent upward movement despite some short-term volatility.