Why is Wockhardt falling/rising?

As of 11-Sep, Wockhardt Ltd's stock price is currently at 1,521.80, reflecting a decrease of 37.8 points or 2.42%. Today's price summary indicates that the stock has underperformed its sector by 2.89% and has experienced a trend reversal after two consecutive days of gains. The stock touched an intraday low of Rs 1520, and trading volume has been higher near this low price. Despite a strong performance over the past year, with a return of 52.13%, the company faces challenges such as weak long-term fundamental strength, evidenced by a low Return on Capital Employed (ROCE) of 0.78% and a high Debt to EBITDA ratio. Additionally, flat results in the latest quarter, including a significant drop in profit before tax, contribute to concerns regarding the stock's valuation and growth potential.
In the broader market context, Wockhardt's short-term performance has outpaced the benchmark, with a 1-week return of 3.24% compared to the Sensex's 1.03%. However, the stock's recent decline may reflect investor caution amidst its weak long-term fundamentals and disappointing quarterly results, despite increased participation from institutional investors who now hold 18.31% of the company. While the stock has shown resilience in generating returns despite a negative market backdrop, the current price movement suggests that investors are weighing these fundamental concerns against its recent performance.