Why is Apollo Hospitals falling/rising?

As of 08-Sep, Apollo Hospitals Enterprise Ltd. is experiencing a slight decline in its stock price, currently at Rs 7,801.00, reflecting a decrease of -5.55 or -0.07%. Despite this recent drop, the stock has shown positive performance over the past week, gaining 1.51%, and has outperformed the Sensex, which increased by only 0.53%. However, it has faced consecutive losses over the last two days, resulting in a total decline of -1.32%. The stock is trading above its moving averages, indicating a generally strong position, but there has been a notable decrease in investor participation, with delivery volume falling by 35.5% compared to the five-day average. The company has demonstrated strong fundamentals, with a high return on capital employed (ROCE) of 15.08% and consistent positive results over the last seven quarters, which supports its long-term growth potential.
In the broader market context, Apollo Hospitals has outperformed the benchmark indices significantly over various periods, including a year-to-date return of 6.92% compared to the Sensex's 3.39%. This trend highlights the stock's resilience and attractiveness to institutional investors, who hold 65.05% of the shares, suggesting confidence in the company's fundamentals. Despite the recent price decline, the stock's performance over the past year, with a return of 12.95% and a substantial increase in profits, indicates a strong market position. The stock's liquidity remains adequate for trading, further supporting its stability in the market.