Why is TTK Healthcare falling/rising?

As of 17-Nov, TTK Healthcare Ltd. is experiencing a price increase, currently at 1,141.25, reflecting a change of 10.25 or 0.91% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, TTK Healthcare has underperformed in the short term, with a 1-week return of -0.34% compared to the Sensex's +1.69%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 78.97% against the 5-day average, suggesting growing interest. The company's low debt-to-equity ratio and attractive valuation with a Price to Book Value of 1.5 may also contribute positively to its stock performance, despite a poor long-term growth outlook.
In the broader market context, TTK Healthcare's recent performance contrasts with the benchmark indices, as it has generated a -20.30% return over the past year while the Sensex has gained +9.50% during the same period. This underperformance is further highlighted by the company's flat results in the most recent quarter and a significant reliance on non-operating income, which raises concerns about its sustainability. Additionally, the minimal stake held by domestic mutual funds suggests a lack of confidence in the stock's valuation, which may impact its future performance. Overall, while there are some positive indicators, the stock's long-term growth prospects remain questionable, contributing to its mixed performance in the market.