Why is Vijaya Diagnost. falling/rising?

As of 17-Jul, Vijaya Diagnostic Centre Ltd's stock price is currently at Rs 1,046.50, reflecting an increase of Rs 22.7 or 2.22%. The stock has shown strong performance today, outperforming its sector by 1.85% and achieving a consecutive gain over the last two days with a total return of 2.72%. It reached an intraday high of Rs 1,048 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 43.96% compared to the 5-day average, the stock remains liquid enough for trading. Over the past year, it has generated a remarkable return of 34.63%, significantly outperforming the BSE500 index in each of the last three annual periods, which reflects high management efficiency and strong institutional support, with holdings at 43.63%.
In the broader market context, Vijaya Diagnostic Centre Ltd has outperformed the Sensex over the past week and month, with returns of 3.61% and 11.06%, respectively, while the Sensex has declined by 1.12% and increased by only 0.83% during the same periods. This indicates that the stock is gaining traction in a challenging market environment. However, it is worth noting that the year-to-date performance shows a slight decline of 0.82%, contrasting with the Sensex's gain of 5.27%. The stock's ability to maintain strong returns despite broader market fluctuations suggests resilience and investor confidence, particularly given the increase in institutional holdings, which often indicates a positive outlook from more sophisticated investors.