Why is Wockhardt falling/rising?

As of 03-Nov, Wockhardt Ltd's stock price is rising, currently at 1,414.95, reflecting an increase of 133.65 or 10.43%. The stock has shown a positive performance today, outperforming its sector by 9.13% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 1433.8, marking an increase of 11.9%. Over the past week, the stock has gained 9.36%, while its one-month performance shows a decline of 2.90%. Despite a significant growth in operating profit of 116.3% reported in September, the increase in pledged promoter shares to 21.3% raises concerns about long-term stability, which may influence investor sentiment.
In the broader market context, Wockhardt's recent short-term return of 9.36% over the past week contrasts sharply with the Sensex, which has declined by 0.94% during the same period. However, the stock's year-to-date performance is slightly negative at -0.31%, while the Sensex has gained 7.47%. The company's weak long-term fundamentals, highlighted by a low return on capital employed and a high debt-to-EBITDA ratio, suggest potential risks that could affect future performance. Despite these concerns, the stock's recent positive operating results and its current trading at a discount compared to peers may be contributing to the upward price movement.