Why is Qualitek Labs falling/rising?

As of 08-Jul, Qualitek Labs Ltd is experiencing a price increase, currently at Rs 313.00, reflecting a rise of Rs 7.0 or 2.29%. The stock has shown strong performance today, outperforming its sector by 2.52% and achieving a consecutive gain over the last two days with a total return of 3.3%. Additionally, it has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has risen by 4.68%, and over the past month, it has increased by 5.39%. However, it is important to note that the stock is down 15.18% year-to-date, despite a significant 53.81% increase over the past year.
In the broader market context, the Sensex has shown minimal movement with a 0.02% increase over the past week and a 1.85% increase over the past month. While Qualitek Labs has outperformed the benchmark in the short term, the year-to-date performance indicates a divergence, as the Sensex has gained 7.13% during the same period. This suggests that while Qualitek Labs is currently on an upward trajectory, its overall performance this year has lagged behind the broader market, which may be influencing investor sentiment and trading behavior.