Why is Apollo Hospitals falling/rising?

As of 04-Sep, Apollo Hospitals Enterprise Ltd. is experiencing a price increase, with the current price at Rs 7,905.50, reflecting a rise of Rs 176.1 or 2.28%. The stock has been gaining momentum, having outperformed its sector by 1.41% today and has shown a consecutive gain over the last two days, with a total return of 2.98% during this period. It is also trading close to its 52-week high, just 0.96% away from Rs 7,981.2. Over the past week, the stock has increased by 2.38%, and it has demonstrated strong performance over longer periods, with a 14.21% return in the last year, significantly outperforming the benchmark Sensex, which has declined by 1.98% in the same timeframe.
In the broader market context, while the Sensex has only gained 0.80% over the past week, Apollo Hospitals has shown a robust short-term performance, indicating strong investor confidence. The company's high management efficiency, as evidenced by a return on capital employed (ROCE) of 15.08%, and consistent positive results over the last seven quarters, including a 47.12% growth in profit after tax, contribute to its favorable outlook. Furthermore, the stock's fair valuation compared to peers, high institutional holdings at 65.05%, and its significant market cap position within the sector enhance its attractiveness to investors, supporting the recent price rise.