Why is Fortis Health. falling/rising?

As of 21-Aug, Fortis Healthcare Ltd's stock price is currently at 948.00, reflecting a decrease of 15.55 points or 1.61%. The stock has recently hit a new 52-week high of Rs. 971 but has underperformed its sector by 1.29% today. After two consecutive days of gains, the stock is experiencing a trend reversal. Despite this decline, Fortis Healthcare has shown strong performance over the past month, with an 18.11% increase, and an impressive 78.87% return over the past year. The company's strong fundamentals, including a low Debt to EBITDA ratio of 1.15 times and significant growth in operating profit, support its ability to service debt effectively. Additionally, high institutional holdings at 56.97% indicate confidence from knowledgeable investors, which may help stabilize the stock despite the recent price drop.
In the broader market context, Fortis Healthcare's recent performance contrasts with the Sensex, which has increased by 1.74% over the past week. While Fortis has outperformed the benchmark in the long term, its short-term decline may be attributed to falling investor participation, as evidenced by a 19.41% drop in delivery volume against the five-day average. This decrease in trading activity could signal a temporary pullback in investor interest, despite the company's strong financial results and market-beating performance over longer periods.