Why is Fortis Health. falling/rising?

As of 13-Aug, Fortis Healthcare Ltd's stock price is rising, currently at Rs. 946.50, reflecting an increase of Rs. 14.95 or 1.6%. The stock has recently hit a new 52-week and all-time high of Rs. 948.8. Over the past week, it has gained 10.35%, and it has consistently outperformed the BSE500 with an impressive 82.97% return over the last year. Despite this positive momentum, the stock underperformed its sector by 2.23% today, and there has been a decline in investor participation, with delivery volume falling by 15.31% compared to the 5-day average. However, the company's strong fundamentals, including a low Debt to EBITDA ratio of 1.15 times and significant growth in operating profit, support its upward price movement.
In the broader market context, while Fortis Healthcare has shown remarkable short-term performance, gaining 10.35% over the past week, the benchmark Sensex has remained flat with a change of -0.01%. This indicates that Fortis is outperforming the broader market, which may attract more investors. The healthcare sector itself has seen a gain of 3.77%, further contributing to the stock's positive sentiment. Additionally, high institutional holdings at 56.97% suggest confidence from knowledgeable investors, which could bolster the stock's stability and growth potential moving forward.