Why is Max Healthcare falling/rising?

As of 27-Jun, Max Healthcare Institute Ltd's stock price is currently at Rs 1,277.45, reflecting an increase of Rs 11.1, or 0.88%. The stock has recently reached a new 52-week high of Rs 1,296 and has been on a positive trajectory, gaining 7.29% over the last four days. Despite this, it underperformed its sector by 1.78% today. The stock has shown impressive returns over various periods, including a 38.66% increase over the past year and a remarkable 241.34% over the last three years. The company's low debt-to-equity ratio of 0.08, strong growth in net sales and operating profit, and high institutional holdings at 72.32% contribute positively to investor sentiment and support the stock's upward movement.
In the broader market context, Max Healthcare's short-term performance of +5.27% over the past week significantly outpaces the Sensex, which has only gained 2.00% in the same period. This strong relative performance indicates that investor confidence in Max Healthcare remains robust compared to the overall market. Additionally, the Hospital & Healthcare Services sector has seen a gain of 2.73%, further supporting the stock's rise. The increased delivery volume, which rose by 108.69% against the five-day average, suggests heightened investor interest and liquidity, reinforcing the stock's positive momentum.