Why is TTK Prestige falling/rising?

As of 25-Aug, TTK Prestige Ltd's stock price is currently at 654.80, reflecting a decrease of 1.2 points or 0.18%. The stock has underperformed its sector by 0.33% today and has shown a trend reversal after two consecutive days of gains. Despite a positive performance over the past week and month, with returns of 1.52% and 4.26% respectively, the stock has significantly underperformed over the longer term, with a year-to-date decline of 19.67% and a one-year drop of 30.71%. The company's low debt-to-equity ratio and fair valuation metrics are overshadowed by a substantial decline in profits, with a 42.1% drop in profit after tax compared to previous quarters, contributing to negative sentiment around the stock.
In the broader market context, TTK Prestige's short-term performance has outpaced the Sensex, which has only gained 0.45% over the past week. However, the stock's long-term underperformance against the benchmark is notable, particularly over the last three years, where it has consistently lagged behind the BSE500. The high institutional holdings at 22.18% suggest that more sophisticated investors are aware of the company's fundamentals, which may be contributing to the stock's current downward pressure due to concerns over its long-term growth potential and recent negative financial results.