Why is Wockhardt falling/rising?

As of 07-Aug, Wockhardt Ltd's stock price is currently at 1,536.15, reflecting an increase of 59.3, or 4.02%. Today's price summary indicates that the stock has outperformed its sector by 3.37% and has experienced a trend reversal after six consecutive days of decline, reaching an intraday high of Rs 1575.3. Despite a 7.85% drop over the past week and a 9.77% decline over the past month, the stock has shown strong long-term performance, with a 72.56% increase over the last year and a remarkable 556.61% rise over the past three years. Additionally, the stock's liquidity is deemed sufficient for trading, and there has been a notable increase in delivery volume, suggesting rising investor participation.
In the broader market context, Wockhardt's recent performance contrasts with the Sensex, which has only declined by 0.69% over the past week and 3.38% over the past month. This indicates that while the stock has faced short-term challenges, its long-term growth potential remains strong, supported by a 50.13% annual growth rate in operating profit and increased institutional investor participation, which has risen by 0.89% in the last quarter. This combination of factors contributes to a positive outlook for Wockhardt, despite its recent volatility.