Why is TTK Healthcare falling/rising?

As of 15-Sep, TTK Healthcare Ltd. is experiencing a decline in its stock price, currently at 1,171.00, reflecting a decrease of 18.0 points or 1.51%. The stock has underperformed its sector by 1.06% today and has seen a trend reversal after four consecutive days of gains. Although the stock has shown a positive return of 2.74% over the past week and 3.79% over the past month, it has significantly underperformed over the longer term, with a year-to-date decline of 17.34% and a one-year drop of 32.88%. The company's financial performance has also raised concerns, as evidenced by a flat PAT of Rs 13.00 crore, which represents a 20.1% decline, and the lowest operating profit to net sales ratio recorded.
In the broader market context, the Sensex has increased by 1.24% over the past week, indicating that TTK Healthcare's short-term performance is lagging behind the benchmark. The stock's liquidity appears adequate, with a delivery volume increase of 54.71% against its five-day average, yet domestic mutual funds hold only a minimal stake of 0.17%, suggesting a lack of confidence in the stock's valuation. Despite a low debt-to-equity ratio and a reasonable return on equity of 6.3%, the stock is trading at a premium compared to its peers, which may deter potential investors. Overall, the combination of poor recent financial results, underperformance relative to benchmarks, and limited institutional interest contributes to the stock's current downward movement.