Why is Apollo Hospitals falling/rising?

As of 16-Sep, Apollo Hospitals Enterprise Ltd. is experiencing a price increase, currently at Rs 7,855.00, reflecting a change of 39.15 (0.5%) upward. The stock has shown resilience by gaining after three consecutive days of decline, and it is now just 1.61% away from its 52-week high. Despite a narrow trading range of Rs 64.65, the stock has outperformed its sector by 0.67%. Over the past year, Apollo Hospitals has generated a return of 11.61%, significantly higher than the Sensex's decline of 0.73%. The company has demonstrated strong fundamentals, with a high return on capital employed (ROCE) of 15.08%, consistent positive results over the last seven quarters, and impressive growth in net sales and operating profit.
In the broader market context, the stock's short-term performance over the past week shows a modest increase of 0.19%, while the Sensex has risen by 1.58%. This indicates that while Apollo Hospitals is rising, it is lagging behind the benchmark index in the short term. However, the company's strong institutional holdings at 65.05% and its position as the second-largest player in its sector contribute to investor confidence. The stock's fair valuation compared to peers and consistent returns over the last three years further support its upward movement, despite a recent decline in investor participation, as evidenced by a 40% drop in delivery volume.