Why is Wockhardt falling/rising?

As of 29-Sep, Wockhardt Ltd's stock price is rising, currently at 1,565.50, reflecting an increase of 230.05 or 17.23%. Today's price summary indicates that the stock has outperformed its sector by 17.09% and has experienced a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 1589.5, showcasing significant volatility with a wide trading range of Rs 239.4. Over the past week, Wockhardt has delivered a return of 5.59%, and over the past month, it has risen by 9.66%. Additionally, institutional investors have increased their stake by 0.89%, indicating growing confidence in the company despite its weak long-term fundamentals, such as a low Return on Capital Employed (ROCE) and high Debt to EBITDA ratio.
Broader market context shows that while the BSE500 has generated negative returns of -7.50% over the past year, Wockhardt has managed to achieve a remarkable return of 57.97%, significantly outperforming the market. This performance is particularly notable given the stock's ability to attract increased participation from institutional investors, which suggests a positive outlook despite underlying financial challenges. The stock's strong performance relative to the benchmark, combined with rising investor participation, has contributed to its recent price increase.