Why is Wockhardt falling/rising?

As of 05-Aug, Wockhardt Ltd's stock price is currently at 1,546.45, reflecting a decrease of 32.3 points or 2.05%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in an overall decline of 8.9% in that period. Today's performance indicates that it underperformed its sector by 1.1%, with an intraday low of Rs 1538.1. Despite this recent decline, the stock 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 last quarter, indicating confidence in the company's fundamentals, which may help stabilize the stock in the long run.
In the broader market context, Wockhardt's short-term performance has significantly lagged behind the benchmark, as it has dropped 8.9% over the past week compared to a mere 0.77% decline in the Sensex. However, the stock has outperformed the benchmark over longer periods, with a remarkable 73.78% return over the last year and a 561.02% increase over the past three years. This contrast highlights the stock's volatility in the short term while showcasing its strong historical performance, suggesting that while current trends are negative, the long-term outlook remains positive.