Why is Fortis Health. falling/rising?

As of 23-Jul, Fortis Healthcare Ltd's stock price is rising, currently at 824.55, reflecting an increase of 13.85 or 1.71%. The stock has recently hit a new 52-week and all-time high of Rs. 830.2, demonstrating strong performance today as it outperformed its sector by 0.33%. Over the past three days, the stock has gained 3.48%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company has shown impressive returns, with a 69.05% increase over the past year and a staggering 497.28% over the last five years. The low Debt to EBITDA ratio of 1.15 times and a healthy annual operating profit growth rate of 30.49% further bolster investor confidence, alongside high institutional holdings at 56.97%.
In the broader market context, Fortis Healthcare's short-term return of 3.59% over the past week significantly outpaces the Sensex's modest gain of 0.11%. This indicates strong investor sentiment towards the stock compared to the overall market. The rising investor participation, evidenced by a 24.12% increase in delivery volume, suggests growing interest and confidence in the stock's future performance. Overall, the combination of strong financial metrics, consistent returns, and positive market sentiment contributes to the stock's upward trajectory.