Why is Wockhardt falling/rising?

As of 16-Jul, Wockhardt Ltd's stock price is currently at 1,820.30, reflecting a decrease of 9.2 points or 0.5%. The stock has recently underperformed its sector by 0.47% and has experienced a trend reversal after three consecutive days of gains. Despite this decline, Wockhardt has shown strong performance over various periods, with a 116.70% increase over the past year and a remarkable 759.65% rise over the last three years. Additionally, the stock is trading above its moving averages, indicating a generally positive trend, although there has been a notable decrease in investor participation, with delivery volume falling by 19.57% compared to the five-day average.
In the broader market context, Wockhardt's short-term return of 6.32% over the past week contrasts sharply with the Sensex, which has declined by 1.08% during the same period, highlighting the stock's resilience. The company has also seen an increase in institutional investor participation, which has risen by 1.04% in the last quarter, suggesting confidence from more knowledgeable investors. This institutional backing, combined with the company's healthy long-term growth rate of 50.13% in operating profit, supports a positive outlook despite the recent price decline.