Why is Wockhardt falling/rising?

As of 14-Aug, Wockhardt Ltd's stock price is rising, currently at 1,520.00, reflecting an increase of 17.95 or 1.2%. Today's price summary indicates that the stock outperformed its sector by 1.08%, reaching an intraday high of Rs 1,535.95, which is a 2.26% increase. Despite a recent decline of 16.43% over the past month, the stock has shown strong long-term performance, with a 65.81% return over the last year and an impressive 542.03% over the past three years. However, there are concerns regarding weak long-term fundamental strength, as indicated by a low Return on Capital Employed (ROCE) of 0.78% and a high Debt to EBITDA ratio of 30.04 times, which could impact investor confidence. In the broader market context, Wockhardt's short-term performance has been notably better than the benchmark, with a decline of only 1.05% over the past week compared to a negligible drop of 0.03% in the Sensex. The stock's recent rise can be attributed to increasing participation by institutional investors, who have raised their stake by 0.89% in the last quarter, indicating a positive outlook from more sophisticated market participants. Despite the stock's strong historical performance, the flat results reported in June, including a significant drop in profit before tax and the lowest earnings per share, raise questions about its sustainability in the face of high valuation metrics.