Why is PTC India falling/rising?

As of 29-Jul, PTC India Ltd's stock price is currently at 191.70, reflecting an increase of 1.35 or 0.71%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average. Despite a recent drop in delivery volume by 18.99% compared to the 5-day average, the stock maintains a high dividend yield of 6.72%. Over the past month, PTC India has outperformed the Sensex, with a return of +6.74% compared to the benchmark's -3.24%. Additionally, the stock's valuation appears attractive, with a return on equity of 9.8 and a price-to-book ratio of 1, indicating it is trading at a discount relative to its peers.
In the broader market context, PTC India's recent performance contrasts with the Sensex, which has declined by 1.03% over the past week. The stock's strong institutional holdings at 38.95%, which have increased by 3.08% over the previous quarter, suggest confidence from more knowledgeable investors. This institutional backing, combined with a significant rise in profits by 26.7% over the past year despite a negative return of -14.32%, supports a positive outlook for the stock. The PEG ratio of 0.4 further indicates that the stock may be undervalued, contributing to its recent price increase amidst a generally challenging market environment.