Why is Wockhardt falling/rising?

As of 15-Jul, Wockhardt Ltd's stock price is currently at Rs 1,829.50, reflecting an increase of Rs 10.6 or 0.58%. The stock has shown strong performance recently, gaining 8.15% over the last three days and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, it is only 2.21% away from its 52-week high of Rs 1,870. The stock has outperformed the BSE500 index significantly over various time frames, including a remarkable 117.95% return over the past year. Institutional investors have also increased their stake by 1.04%, indicating growing confidence in the company's long-term growth potential, which is supported by an annual operating profit growth rate of 50.13%.
In the broader market context, Wockhardt's short-term performance stands in stark contrast to the Sensex, which has declined by 1.36% over the past week while Wockhardt has risen by 9.88%. This divergence highlights the stock's resilience and attractiveness to investors, particularly in light of increasing institutional participation and strong historical performance. Despite a slight underperformance against its sector today, the overall trend remains positive, bolstered by rising investor interest and solid fundamentals.