Why is Max Healthcare falling/rising?

As of 25-Jun, Max Healthcare Institute Ltd's stock price is rising, currently at Rs 1,238.20, reflecting an increase of Rs 40.8 or 3.41%. The stock has shown strong performance recently, having outperformed its sector by 1.88% today and has been on a consecutive gain streak for the last two days, yielding a total return of 3.99% in that period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past year, it has delivered a remarkable return of 38.59%, significantly outpacing the BSE 500 index in each of the last three annual periods. The company also boasts a low debt-to-equity ratio of 0.08, strong institutional holdings at 72.32%, and impressive growth in net sales and operating profit, which have grown at annual rates of 29.43% and 62.81%, respectively.
In the broader market context, Max Healthcare's short-term return of 4.93% over the past week significantly exceeds the Sensex's return of 1.61% during the same period. This outperformance suggests that investor sentiment towards Max Healthcare remains strong, particularly given its position as the largest company in its sector, constituting 22.16% of the entire sector with annual sales of Rs 7,028.46 crore. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 21.02% against the 5-day average, which could indicate a potential concern for future liquidity. Despite this, the overall positive fundamentals and consistent returns contribute to the stock's upward momentum.