Why is Wockhardt falling/rising?

As of 14-Jul, Wockhardt Ltd's stock price is rising, currently at Rs 1,818.90, reflecting an increase of Rs 62.15 or 3.54%. The stock has shown strong performance, gaining 7.53% over the last two days and is currently trading close to its 52-week high, just 2.81% away from Rs 1,870. Additionally, Wockhardt has outperformed its sector by 2.64% today and has consistently exceeded its moving averages across various time frames. The stock has also seen a significant increase in investor participation, with delivery volume rising by 238.18% compared to the five-day average. This positive momentum is supported by healthy long-term growth, with operating profit increasing at an annual rate of 50.13%, and a rise in institutional investor stakes, which now account for 17.42% of the company.
In the broader market context, Wockhardt's short-term performance stands in stark contrast to the benchmark, as it has gained 6.83% over the past week while the Sensex has declined by 1.42%. This indicates that Wockhardt is not only performing well in isolation but is also a strong performer relative to the market. Over the past year, the stock has generated an impressive 112.27% return, significantly outperforming the BSE500 index. This sustained outperformance in both the short and long term suggests that investor confidence in Wockhardt remains robust, contributing to the stock's rising price.