Why is Qualitek Labs falling/rising?

As of 12-Sep, Qualitek Labs Ltd's stock price is rising, currently at Rs 403.75, reflecting an increase of Rs 20.75 or 5.42%. The stock has shown strong performance today, outperforming its sector by the same percentage. It is also close to its 52-week high, just 1.05% away from Rs 408. The stock has gained after three consecutive days of decline, indicating a potential trend reversal. Additionally, it is trading above all key moving averages, which suggests a bullish sentiment. However, there has been a significant drop in investor participation, with delivery volume falling by 82.61% compared to the five-day average, which may raise concerns about sustainability in the price increase.
In the broader market context, Qualitek Labs has outperformed the benchmark Sensex over various periods, including a 1-week return of 2.28% compared to the Sensex's 1.48%, and a 1-month return of 25.84% against the Sensex's 2.08%. Year-to-date, the stock has also outperformed the benchmark with a return of 9.42% versus the Sensex's 4.82%. This strong relative performance indicates that investor sentiment towards Qualitek Labs remains positive despite the recent decline in trading volume. Overall, while the stock is experiencing a rise, the significant drop in delivery volume could signal caution among investors regarding the stock's future performance.