Why is Max Healthcare falling/rising?

As of 14-Jul, Max Healthcare Institute Ltd's stock price is currently at 1,250.25, reflecting an increase of 30.85, or 2.53%. The stock has shown a positive performance today, outperforming its sector by 1.76% and reaching an intraday high of Rs 1263, which is a rise of 3.58%. Over the past year, the stock has generated impressive returns of 38.69%, significantly outperforming the BSE500 index in each of the last three annual periods. The company benefits from a low Debt to Equity ratio and has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 29.43% and operating profit at 62.81%. Additionally, high institutional holdings at 72.32% indicate strong confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, the stock's short-term performance over the past week shows a decline of 3.60%, while the benchmark Sensex has decreased by a lesser 1.42%. However, the stock has outperformed the benchmark over the longer term, with a year-to-date return of 10.89% compared to the Sensex's 5.27%. This indicates that while there may be short-term fluctuations, the overall trend for Max Healthcare remains positive, bolstered by strong fundamentals and investor confidence, which contribute to its resilience in the market.