Why is Fortis Health. falling/rising?

As of 12-Aug, Fortis Healthcare Ltd is experiencing a rise in its stock price, currently at Rs. 931.55, reflecting an increase of 9.65 points or 1.05%. The stock has hit a new 52-week high of Rs. 935.55 today and has shown strong performance over the past four days, gaining 8.61% during this period. Additionally, the stock has outperformed the benchmark Sensex significantly, with a 1-week return of +7.40% compared to the Sensex's -0.59%, and a remarkable +21.92% return over the past month against the Sensex's -2.75%. The company's strong fundamentals are underscored by a low Debt to EBITDA ratio of 1.15 times, healthy long-term growth with an annual operating profit increase of 79.69%, and impressive quarterly results, including a record PAT of Rs 250.67 crore.
Broader Market Context: The broader market context shows that while the Sensex has declined by 0.59% over the past week, Fortis Healthcare has thrived, indicating a strong divergence in performance. The stock's consistent returns over the last three years, including an 87.66% increase in the past year, highlight its resilience and attractiveness to investors, particularly institutional investors who hold 56.97% of the stock. The rising investor participation, evidenced by a 43.23% increase in delivery volume, further supports the stock's upward trajectory, suggesting that market sentiment remains positive despite broader market challenges.