Why is TTK Healthcare falling/rising?

As of 04-Aug, TTK Healthcare Ltd. is experiencing a decline in its stock price, currently at Rs 1,215.80, which represents a decrease of Rs 42.4 or 3.37%. The stock has underperformed today, with a performance that is 3.71% lower than its sector. It reached an intraday low of Rs 1,182.8, reflecting a drop of 5.99%. Over the past week, the stock has decreased by 4.73%, and it has generated a significant negative return of 25.43% over the last year. Despite a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 1.6, the company's recent financial performance has been disappointing, with a 20.1% decline in PAT for the latest quarter and the lowest operating profit to net sales ratio recorded.
In the broader market context, TTK Healthcare's short-term performance contrasts sharply with the Sensex, which has seen a slight increase of 0.16% over the past week. The stock's long-term performance has also been underwhelming, with a decline of 14.18% year-to-date compared to a 3.69% increase in the benchmark index. The lack of confidence from domestic mutual funds, which hold only 0.17% of the company, further indicates a cautious outlook on the stock's valuation and business prospects. Overall, the combination of poor recent financial results, significant underperformance relative to benchmarks, and declining investor participation contributes to the stock's downward movement.