Why is Wockhardt falling/rising?

As of 22-Aug, Wockhardt Ltd's stock price is currently at 1,478.45, reflecting an increase of 12.1, or 0.83%. The stock has shown a trend reversal by gaining after four consecutive days of decline. It has outperformed its sector by 0.49% today, and there has been a notable increase in investor participation, with delivery volume rising by 33.51% compared to the five-day average. Despite a recent decline of 13.54% over the past month, the stock has delivered a strong 53.17% return over the last year and an impressive 470.50% over the past three years. However, it is important to note that the company's long-term fundamental strength is weak, with a low return on capital employed and a high debt-to-EBITDA ratio, which may raise concerns among investors.
In the broader market context, Wockhardt's recent performance contrasts with the Sensex, which has gained 0.88% over the past week. While the stock has outperformed the benchmark over the long term, its short-term performance has been less favorable, as indicated by its 2.73% decline over the past week compared to the Sensex's increase. The increasing participation of institutional investors, who now hold 18.31% of the company, may provide some support for the stock, as these investors typically have more resources to analyze the company's fundamentals. Nonetheless, the flat results reported in June and the company's high valuation relative to its peers could weigh on investor sentiment moving forward.