Why is Apollo Hospitals falling/rising?

As of 19-Sep, Apollo Hospitals Enterprise Ltd. is experiencing a decline in its stock price, currently at Rs 7,801.40, which reflects a decrease of Rs 49.55 or 0.63%. The stock has underperformed its sector by 0.44% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 0.93%. Despite being only 2.3% away from its 52-week high, the stock has traded within a narrow range of Rs 64.35. However, it has shown positive signs with a significant increase in delivery volume, rising by 71.56% against the 5-day average, indicating rising investor participation. The stock's performance over the past year has been strong, generating a return of 10.69%, while the company has demonstrated consistent growth in net sales and operating profit.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 0.88% over the past week. While Apollo Hospitals has shown impressive long-term returns, including a 6.92% increase year-to-date and an 81.10% rise over the past three years, its short-term performance has lagged behind the market. The company benefits from high management efficiency, strong institutional holdings, and a favorable valuation compared to peers, which could support future price recovery. However, the current decline may be influenced by short-term market fluctuations and sector performance, as indicated by its recent underperformance relative to the sector.