Why is Wockhardt falling/rising?

As of 20-Aug, Wockhardt Ltd's stock price is currently at 1,490.30, reflecting a decrease of 2.7 points or 0.18%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 1.95% during this period. In terms of performance, the stock has underperformed against the benchmark Sensex over the past week, with a return of -0.78% compared to the Sensex's gain of +1.64%. Additionally, the stock's delivery volume has decreased significantly, falling by 43.58% against the five-day average, indicating a decline in investor participation. While institutional investors have increased their stake by 0.89% over the previous quarter, the company's long-term fundamentals remain weak, with a low Return on Capital Employed (ROCE) and poor growth in net sales.
Broader Market Context: The broader market context shows that while Wockhardt has generated a substantial return of 51.92% over the past year, it has struggled in the short term, particularly in comparison to the Sensex, which has gained 1.64% in the last week. The stock's recent price movement reflects concerns over its long-term growth potential, as evidenced by flat results in its latest quarterly earnings report and a high Debt to EBITDA ratio. Despite the positive participation from institutional investors, the overall sentiment appears to be cautious, leading to the stock's current decline amidst a generally positive market environment.