Why is Apollo Hospitals falling/rising?

As of 24-Sep, Apollo Hospitals Enterprise Ltd. is experiencing a decline in its stock price, currently at Rs 7,661.75, reflecting a decrease of Rs 21.4 or 0.28%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in a total decline of 2.7% over that period. Despite this recent downturn, the stock is still close to its 52-week high, being only 4.17% away from Rs 7,981.2. Notably, the stock has outperformed its sector by 0.34% today, and there has been a significant increase in investor participation, with delivery volume rising by 107.72% compared to the five-day average. The company boasts strong fundamentals, including a high return on capital employed (ROCE) of 15.08% and consistent positive results over the last seven quarters, which may support its long-term growth prospects.
In the broader market context, Apollo Hospitals' short-term performance has been weaker than the benchmark, with a 1-week return of -2.70% compared to the Sensex's -1.18%. However, the stock has shown resilience over the longer term, with a year-to-date return of 5.01%, outperforming the Sensex's 4.58%. The company's strong institutional holdings at 65.05% and its ranking among the top companies by MarketsMojo indicate a solid foundation that could help stabilize the stock in the face of recent declines. Despite the current price drop, the overall market-beating performance in the long term and the attractive valuation relative to peers suggest that the stock may have potential for recovery.