Why is TTK Healthcare falling/rising?

As of 22-Sep, TTK Healthcare Ltd. has seen its stock price rise to 1,195.00, reflecting an increase of 9.05 or 0.76%. The stock has outperformed its sector by 1.84% today, marking a trend reversal after two consecutive days of decline. Over the past week, TTK Healthcare has gained 2.05%, while its one-month performance shows a 3.69% increase. Despite these short-term gains, the stock has experienced a significant decline of 28.01% over the past year, indicating a challenging long-term outlook. The company's low debt-to-equity ratio and a return on equity of 6.3 suggest an attractive valuation, but the stock is trading at a premium compared to its peers. Additionally, the recent flat results in June, including a 20.1% drop in PAT, have raised concerns among investors.
In the broader market context, TTK Healthcare's short-term performance is notably better than the Sensex, which has only increased by 0.46% over the same week. However, the stock's year-to-date performance is concerning, with a decline of 15.65% compared to the Sensex's gain of 5.15%. The low domestic mutual fund ownership at 0.17% may indicate a lack of confidence in the stock's price or business fundamentals. Despite the recent uptick in trading volume and liquidity, the overall underperformance in both the near and long term suggests that investors remain cautious about TTK Healthcare's prospects.