Why is Wockhardt falling/rising?

As of 11-Jun, Wockhardt Ltd's stock price is rising, currently at Rs. 1,832.60, reflecting an increase of Rs. 285.2 or 18.43%. The stock has recently hit a new 52-week high of Rs. 1,845 and has outperformed its sector by 17.57%. Over the past two days, it has gained 21.53%, contributing to a remarkable 212.89% return over the last year. The stock is technically in a bullish range, supported by positive indicators such as MACD and Bollinger Bands. Additionally, institutional investors have increased their stake, indicating confidence in the company's long-term growth potential, which is further bolstered by a healthy annual operating profit growth rate of 50.13%.
In the broader market context, Wockhardt's short-term performance significantly outpaces the benchmark, with a 22.78% return over the past week compared to the Sensex's 1.87%. This strong performance is indicative of the stock's ability to attract investor interest, despite a recent decline in delivery volume. The liquidity remains adequate for trading, and the stock's consistent gains over various time frames highlight its market-beating performance. Overall, Wockhardt's rising stock price is supported by strong technical indicators, increasing institutional participation, and impressive historical returns.