Why is TTK Healthcare falling/rising?

As of 29-Aug, TTK Healthcare Ltd. is experiencing a decline in its stock price, currently at Rs 1,152.00, which reflects a decrease of Rs 22.75 or 1.94%. Today's performance indicates that the stock underperformed its sector by 1.97%, with an intraday high of Rs 1,213 (up 3.26%) and a low of Rs 1,144 (down 2.62%). Over the past week, the stock has shown a slight decrease of 0.04%, and it has significantly underperformed over the past month with a decline of 7.59%. The stock's long-term performance is concerning, with a 1-year return of -28.32%. Despite a low debt-to-equity ratio and a positive return on equity of 6.3%, the stock is trading at a premium compared to its peers. The recent financial results have been disappointing, with a substantial drop in profit before tax and net profit, which may contribute to the negative sentiment surrounding the stock.
In the broader market context, TTK Healthcare's performance has been relatively weak compared to the benchmark Sensex, which has shown a slight decline of 1.84% over the past week and a marginal drop of 1.88% over the past month. The stock's year-to-date performance is particularly poor, down 18.68%, while the Sensex has gained 2.14% in the same period. This stark contrast highlights the stock's struggles in both short-term and long-term performance, further exacerbated by low domestic mutual fund holdings, indicating a lack of confidence from institutional investors. Overall, the combination of disappointing financial results, underperformance relative to benchmarks, and a premium valuation compared to peers suggests that TTK Healthcare is facing significant challenges that are contributing to its declining stock price.