Why is Fortis Health. falling/rising?

As of 11-Aug, Fortis Healthcare Ltd's stock price is rising, currently at 921.90, reflecting an increase of 24.45 or 2.72%. The stock has recently hit a new 52-week and all-time high of Rs. 923, and it has outperformed its sector by 0.51%. Over the past three days, the stock has gained 7.49%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the company has demonstrated robust financial performance, with a significant annual growth rate in operating profit and impressive quarterly results, including the highest PAT and net sales figures. The high institutional holdings at 56.97% suggest confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Fortis Healthcare's recent performance stands in stark contrast to the benchmark, as it has gained 6.99% over the past week while the Sensex has declined by 0.51%. This trend continues over the month and year-to-date, where Fortis has achieved a 20.66% and 28.11% increase, respectively, compared to the Sensex's declines. The hospital and healthcare services sector has also seen a gain of 2.21%, contributing to the positive sentiment around Fortis. Overall, the combination of strong financial results, rising investor participation, and favorable sector performance has propelled Fortis Healthcare's stock price higher.