Why is Max Healthcare falling/rising?

As of 10-Jul, Max Healthcare Institute Ltd's stock is currently priced at 1,252.45, reflecting an increase of 5.25 (0.42%). The stock has shown a strong performance over the past month with a return of +5.83%, significantly outperforming the benchmark Sensex, which has only increased by +0.97%. Additionally, the stock is close to its 52-week high, being just 4.94% away from Rs 1,314.3. Today's trading activity indicates a positive trend, with a delivery volume that has risen by 46.98% compared to the 5-day average, suggesting increased investor interest. The company's low debt-to-equity ratio, high institutional holdings at 72.32%, and consistent returns over the past three years further support its upward movement.
In the broader market context, while the stock has experienced a decline of -4.14% over the past week, it has still outperformed the Sensex, which has seen a negligible change of -0.06% during the same period. The strong annual growth in net sales and operating profit, along with the company's significant market capitalization of Rs 1,21,246 crore, positions it favorably within its sector, constituting 21.67% of the entire industry. This combination of solid fundamentals and positive investor sentiment contributes to the stock's resilience and recent upward price movement, despite some short-term fluctuations.