Why is Wockhardt falling/rising?

As of 29-Aug, Wockhardt Ltd's stock price is currently at 1,427.65, reflecting a slight increase of 1.1 (0.08%). The stock has been trading lower than its moving averages across various time frames, indicating a potential downward trend. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 1.25% against the 5-day average. Over the past year, Wockhardt has generated a return of 42.94%, significantly outperforming the Sensex, which has declined by 2.83% during the same period. However, the company faces challenges, including weak long-term fundamentals, as evidenced by a low Return on Capital Employed (ROCE) of 0.78% and a high Debt to EBITDA ratio of 30.04 times, which may deter some investors.
In the broader market context, Wockhardt's recent performance contrasts with the benchmark, as it has experienced a decline of 15.90% over the past month compared to the Sensex's drop of 1.88%. While the stock has shown strong long-term performance, outperforming the BSE500 over the last three years, the recent flat results and poor earnings per share (EPS) have raised concerns among investors. The increase in institutional investor participation, who now hold 18.31% of the company, suggests a level of confidence in the stock's potential, despite its current challenges. Overall, while Wockhardt has seen some positive movements, the underlying weaknesses in its financial health may contribute to cautious sentiment among investors.