Why is Qualitek Labs falling/rising?

As of 02-Jul, Qualitek Labs Ltd is experiencing a price increase, currently at 303.20, which reflects a rise of 4.2 points or 1.4%. The stock has shown a positive performance today, outperforming its sector by 1.46% and has gained 3.45% over the last two days. Despite opening with a loss of 2.68%, it reached an intraday high of Rs 306, indicating some volatility. The stock has performed well over the past week and month, with returns of +5.28% and +7.29%, respectively, although it has seen a year-to-date decline of 17.83%. The stock is trading above its moving averages, which suggests a bullish trend, but there has been a decrease in investor participation, as evidenced by a drop in delivery volume.
Broader Market Context: In comparison to the Sensex, which has gained 0.79% over the past week and 2.50% over the past month, Qualitek Labs has significantly outperformed in the short term. The stock's recent upward movement contrasts with its year-to-date performance, where it lags behind the benchmark's 6.75% gain. This indicates that while the stock is currently on an upward trajectory, it has faced challenges earlier in the year, which may have influenced investor sentiment and participation.