Why is TTK Healthcare falling/rising?

As of 03-September, TTK Healthcare Ltd. is experiencing a rise in its stock price, currently at Rs 1,190.65, reflecting an increase of Rs 54.65 or 4.81%. The stock opened with a gain of 3.99% today and reached an intraday high of Rs 1,190.65. Notably, the stock has outperformed its sector by 3.57%. However, over the past month, it has seen a decline of 5.55% and a significant drop of 25.30% over the last year. Despite this, the company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 1.6, although it trades at a premium compared to its peers. The recent performance has been impacted by flat results in the June quarter, with a notable decline in profit before tax and profit after tax.
In the broader market context, TTK Healthcare's short-term return of +4.43% over the past week contrasts with the Sensex, which has decreased by 0.27% during the same period. This indicates that TTK Healthcare is gaining traction relative to the overall market. However, the stock's long-term performance remains concerning, with a -25.30% return over the last year, underperforming the BSE500 index. The low stake held by domestic mutual funds, at only 0.17%, suggests a lack of confidence in the stock's valuation or business prospects, which could weigh on its future performance despite the recent uptick.