Why is TTK Healthcare falling/rising?

As of 22-Jul, TTK Healthcare Ltd. is experiencing a price increase, currently at 1,350.00, reflecting a rise of 31.45 or 2.39%. Today's price summary indicates that the stock has outperformed its sector by 3.3% and has shown a trend reversal after two consecutive days of decline. It reached an intraday high of Rs 1357.5, which is a 2.95% increase. Despite a negative return of -0.91% over the past week, the stock has gained 6.12% in the last month. However, it has underperformed in the year-to-date and one-year periods, with returns of -4.70% and -6.70%, respectively. The company has a low debt-to-equity ratio and a fair valuation with a price-to-book value of 1.8, but it is trading at a premium compared to its peers. Although profits have risen by 12.5% over the past year, the stock's performance has been hindered by poor long-term growth metrics, such as a net sales growth rate of only 4.42% over the last five years.
In the broader market context, TTK Healthcare's short-term performance has been slightly better than the benchmark Sensex, which has seen a decline of 0.47% over the past week. The stock's recent upward movement may be attributed to its strong performance relative to the sector and the positive trend reversal, despite the overall negative sentiment reflected in its year-to-date and one-year returns. The significant drop in delivery volume by 70.86% against the five-day average suggests a decrease in investor participation, which could impact future price movements. Additionally, the low stake held by domestic mutual funds may indicate a lack of confidence in the stock's valuation or business prospects, further complicating its market position.