Why is PTC India falling/rising?

As of 28-Jul, PTC India Ltd's stock price is currently at 190.35, reflecting a decrease of 1.15, or 0.6%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 3.98% during this period. Despite this recent drop, the stock has outperformed its sector by 0.34% today. Over the past month, PTC India has shown a positive return of 5.99%, contrasting with a year-to-date increase of 31.23%. The company has a high dividend yield of 6.68%, and its return on equity (ROE) stands at 9.8, indicating an attractive valuation. Additionally, institutional holdings have increased by 3.08% over the previous quarter, suggesting confidence from larger investors.
In the broader market context, PTC India has outperformed the Sensex over the past week, where the stock has declined by only 0.26% compared to the benchmark's 1.59% drop. This indicates that while the stock is currently facing some short-term challenges, it has shown resilience relative to the broader market. The stock's performance over the longer term, particularly a 137.49% increase over the past three years, further highlights its potential despite recent fluctuations. Overall, the combination of rising investor participation and a favorable valuation compared to peers may provide a foundation for recovery, even as the stock experiences short-term volatility.