Why is Max Healthcare falling/rising?

As of 29-Jul, Max Healthcare Institute Ltd's stock price is rising, currently at Rs 1,275.90, reflecting an increase of Rs 15.5 or 1.23%. The stock has shown strong performance today, outperforming its sector by 0.44% and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock is only 3.09% away from its 52-week high of Rs 1,314.3. Over the past week, it has gained 4.62%, while its year-to-date return stands at 13.16%, significantly outperforming the Sensex, which has only increased by 4.09% during the same period. The company benefits from a low debt-to-equity ratio, strong institutional holdings at 72.18%, and impressive long-term growth metrics, with net sales increasing at an annual rate of 29.43% and operating profit at 62.81%.
In the broader market context, while Max Healthcare has been rising, the Sensex has experienced a decline of 1.03% over the past week, indicating that the stock is performing well relative to the overall market. The stock's consistent returns over the last three years, including a 37.19% return in the past year, further highlight its resilience and attractiveness to investors. The significant increase in delivery volume, which rose by 43.14% against the 5-day average, suggests rising investor participation and confidence in the stock. Overall, the combination of strong fundamentals, positive market sentiment, and outperformance against the benchmark contributes to the stock's upward movement.