Why is Wockhardt falling/rising?

As of 04-Aug, Wockhardt Ltd's stock price is currently at 1,578.75, reflecting a decrease of 33.65 points or 2.09%. The stock has been on a downward trend, having underperformed its sector by 2.43% today and experiencing a consecutive fall over the last four days, resulting in a total decline of 7%. The stock touched an intraday low of Rs 1543.9, indicating significant selling pressure. Despite this short-term decline, Wockhardt has shown strong long-term growth, with an annual operating profit increase of 50.13%. Additionally, institutional investors have raised their stake by 0.89% in the previous quarter, indicating confidence in the company's fundamentals.
In the broader market context, Wockhardt's short-term performance has lagged behind the Sensex, which has gained 0.16% over the past week while Wockhardt has dropped 5.75%. However, the stock has outperformed the benchmark over longer periods, with a remarkable 75.61% return over the past year compared to the Sensex's minimal gain of 0.05%. This long-term outperformance, coupled with increasing institutional participation, suggests that while the stock is currently facing short-term challenges, its fundamentals remain strong, supporting a hold recommendation for investors.