Why is Fortis Health. falling/rising?

As of 04-Jul, Fortis Healthcare Ltd's stock price is rising, currently at Rs. 806.60, reflecting an increase of Rs. 14.85 or 1.88%. The stock has recently reached a new 52-week and all-time high of Rs. 809, indicating strong upward momentum. It has outperformed its sector by 1.04% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 2.96%, and it has shown impressive returns of 72.30% over the last year and 234.20% over the last three years. However, there has been a notable decline in investor participation, with delivery volume falling by 57.5% against the 5-day average. The company benefits from a low Debt to EBITDA ratio of 1.15 times, strong operating profit growth, and high institutional holdings at 56.87%, which contribute positively to its recent performance.
In the broader market context, Fortis Healthcare's short-term return of 2.96% over the past week stands in stark contrast to the Sensex, which has declined by 0.74% during the same period. This significant outperformance highlights the stock's resilience and attractiveness to investors, particularly given its consistent returns over the last three years. The stock's ability to generate substantial returns, coupled with strong institutional backing, positions it favorably against the backdrop of a challenging market environment.