Why is TTK Prestige falling/rising?

As of 29-Aug, TTK Prestige Ltd's stock price is currently at 658.40, reflecting an increase of 13.3, or 2.06%. The stock has shown positive momentum recently, gaining for the last two days with a total return of 3.36% during this period. It opened with a significant gap up of 4.76% today and reached an intraday high of Rs 675.8. However, despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date decline of 19.23% and a one-year return of -30.28%. The company has a low debt-to-equity ratio and a fair valuation, but its profits have fallen by 24.1% over the past year, which may contribute to investor caution despite high institutional holdings.
In the broader market context, TTK Prestige's short-term performance contrasts with the benchmark, as it has outperformed the Sensex by 1.97% today. However, the stock has consistently underperformed against the benchmark over the last three years, which may weigh on investor sentiment. The stock's recent gains come amidst a backdrop of declining investor participation, with delivery volume dropping significantly. This suggests that while there may be some short-term optimism, the long-term outlook remains challenged due to poor growth metrics and negative quarterly results.