Why is Qualitek Labs falling/rising?

As of 14-Aug, Qualitek Labs Ltd is experiencing a rise in its stock price, currently at Rs 317.00, reflecting an increase of Rs 6.0 or 1.93%. The stock has shown strong performance today, outperforming its sector by 2.26% and opening with a gain of 2.89%. It reached an intraday high of Rs 320, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, with delivery volume dropping by 77.01% compared to the 5-day average, which could indicate a potential concern for sustained momentum. The stock's performance over the past week and month shows positive returns of 3.63% and 3.26%, respectively, while its year-to-date performance remains negative at -14.09%.
In the broader market context, Qualitek Labs has outperformed the Sensex, which has seen a slight decline of 0.03% over the past week and a more significant drop of 2.01% over the past month. This indicates that while the stock is rising, the overall market sentiment may not be as favorable. Despite a year-on-year increase of 15.69% for Qualitek Labs compared to the Sensex's 1.89%, the stock's year-to-date performance suggests challenges that could affect future growth. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume raises questions about the sustainability of the current price increase.