Why is Fortis Malar falling/rising?

As of 06-Aug, Fortis Malar Hospitals Ltd is experiencing a price increase, currently at Rs 69.92, reflecting a rise of 1.11 (1.61%). The stock has shown a positive performance today, outperforming its sector by 2.62% and has gained consecutively over the last two days, resulting in a total increase of 3.16% during this period. Additionally, the stock's performance over the past week shows a gain of 2.75%, while it has seen a year-to-date increase of 14.62%. The stock is currently trading above its 5-day and 200-day moving averages, indicating some bullish momentum, although it remains below its 20-day, 50-day, and 100-day moving averages. Rising investor participation is also notable, with a delivery volume increase of 24.37% compared to the 5-day average.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 1.15% over the past week. While Fortis Malar has faced a slight decline of 3.96% over the past month, it has still outperformed the benchmark, which has decreased by 3.46% in the same timeframe. Year-to-date, Fortis Malar's return of 14.62% significantly surpasses the Sensex's 3.08%, suggesting a strong relative performance. Overall, the stock's recent upward movement can be attributed to positive investor sentiment and increased trading activity, despite some mixed longer-term performance metrics.