Why is Wockhardt falling/rising?

As of 07-Nov, Wockhardt Ltd's stock price is currently at Rs 1,336.85, reflecting a decline of Rs 14.8 or 1.09%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total drop of 5.52% during this period. Today's performance indicates that it underperformed its sector by 0.75%. Additionally, the stock touched an intraday low of Rs 1,318, which is a decrease of 2.49%. While the stock has shown a positive return of 4.34% over the past week, it has declined by 6.15% over the past month. The company's recent financial results were positive, showing a significant growth in operating profit, but the increase in pledged promoter shares to 21.3% raises concerns about long-term stability.
In the broader market context, the Sensex has experienced a slight decline of 0.86% over the past week, indicating that the overall market sentiment is somewhat negative. However, Wockhardt's performance is notably weaker in the short term compared to the benchmark. The stock's weak long-term fundamentals, characterized by a low return on capital employed and a high debt-to-EBITDA ratio, contribute to its current valuation challenges. Despite a year-over-year return of 10.80%, the stock's profits have increased significantly, leading to a high PEG ratio of 2.4, suggesting that it may be overvalued compared to its peers.