Why is Max Healthcare falling/rising?

As of 23-Jul, Max Healthcare Institute Ltd's stock price is rising, currently at Rs 1,255.15, reflecting an increase of Rs 35.65 or 2.92%. The stock has shown a positive performance today, outperforming its sector by 1.54% and has been on a gaining streak for the last three days, accumulating a total return of 3.2%. It is also close to its 52-week high, being only 4.71% away from Rs 1,314.3. Over the past month, the stock has risen by 5.41%, and it has delivered impressive returns of 34.43% over the past year, significantly outperforming the BSE500 index during this period. The company benefits from a low debt-to-equity ratio, strong institutional holdings at 72.18%, and consistent 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, while the Sensex has shown a slight increase of 0.11% over the past week, Max Healthcare's stock has declined by 0.78% in the same timeframe, indicating a divergence in performance. However, the stock's year-to-date return of 11.32% surpasses the Sensex's 5.87%, highlighting its strong relative performance. The rising investor participation, evidenced by a 54.71% increase in delivery volume, suggests growing confidence in the stock, further supporting its upward price movement. Overall, the combination of strong fundamentals, consistent returns, and positive market sentiment contributes to the stock's rising trajectory.