Why is Max Healthcare falling/rising?

As of 13-Aug, Max Healthcare Institute Ltd's stock price is currently at Rs 1,267.60, reflecting an increase of Rs 5.6 or 0.44%. The stock has shown a positive trend recently, gaining for the last three days and achieving a return of 1.86% during this period. Despite this upward movement, it has underperformed its sector by 3.39%. The stock is trading above its moving averages, indicating a strong position, and is close to its 52-week high, being only 3.68% away from Rs 1,314.3. Over the past month, the stock has increased by 3.95%, while it has delivered an impressive 46.54% return over the last year, significantly outperforming the BSE500 index in each of the last three annual periods. The company's low debt-to-equity ratio, healthy sales growth, and high institutional holdings further support its positive outlook.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.01% over the past week. While Max Healthcare has outperformed the Sensex over the last month and year-to-date, the recent drop in investor participation, with delivery volume falling by 42.92% against the five-day average, may indicate a cautious sentiment among investors. However, the overall strong fundamentals of the company, including consistent returns and significant market capitalization within its sector, suggest that the stock remains a solid investment despite the recent fluctuations in trading volume.