Why is Max Healthcare falling/rising?

As of 13-Jun, Max Healthcare Institute Ltd is experiencing a price increase, currently at Rs 1,237.10, reflecting a rise of Rs 37.1 or 3.09%. The stock has recently hit a new 52-week and all-time high of Rs 1,239.65 and has outperformed its sector by 2.56%. Over the past three days, the stock has gained 4.53%, and it is trading above all key moving averages, indicating strong upward momentum. Additionally, the stock has shown impressive returns, with a 1-week increase of 5.86% and a year-to-date rise of 9.72%. The company benefits from a low debt-to-equity ratio of 0.08, healthy long-term growth rates in net sales and operating profit, and high institutional holdings at 72.32%, which suggests strong confidence from knowledgeable investors.
In the broader market context, while the Sensex has declined by 1.30% over the past week, Max Healthcare's performance stands in stark contrast, showcasing its resilience and strength. The stock's consistent returns over the last three years, including a 38.86% increase in the past year, further highlight its ability to outperform the broader market. With a significant market capitalization of Rs 1,16,658 crore, constituting 22.14% of its sector, Max Healthcare's solid fundamentals and rising investor participation contribute to its positive price movement, reinforcing its position as a leading player in the healthcare sector.