Why is PTC India falling/rising?

As of 18-Jul, PTC India Ltd is currently priced at 189.00, reflecting a decrease of 1.75, or 0.92%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 2.2%. Despite this short-term dip, PTC India has shown positive performance over longer periods, with a 1-week return of 2.05% and a 1-month return of 8.50%. The stock is trading above its moving averages across various time frames, indicating a generally upward trend. However, there has been a decline in investor participation, with delivery volume decreasing by 4.6% compared to the 5-day average. The company boasts a high dividend yield of 6.71%, and its valuation metrics suggest it is trading at a discount compared to peers, which may attract long-term investors.
In the broader market context, PTC India's recent performance contrasts with the Sensex, which has experienced a decline of 0.90% over the past week. While the stock has underperformed its sector today by 0.39%, its strong historical returns, including a 3-year increase of 130.77%, indicate resilience. The high institutional ownership at 38.95% suggests confidence from more knowledgeable investors, as their stake has increased by 3.08% over the previous quarter. Despite the recent price drop, the company's fundamentals, including a 26.7% rise in profits over the past year and a favorable PEG ratio of 0.4, support a hold recommendation, indicating potential for recovery in the stock's performance.