Why is Qualitek Labs falling/rising?

As of 15-Sep, Qualitek Labs Ltd is experiencing a price increase, currently at Rs. 415.00, which reflects a rise of Rs. 11.25 or 2.79%. The stock has recently hit a new 52-week and all-time high of Rs. 420, indicating strong upward momentum. Over the past week, the stock has gained 4.80%, and in the last month, it has surged by 30.91%. Additionally, it has outperformed the sector by 2.57% today and has shown consistent gains over the last two days, accumulating a total return of 8.36%. The stock is also trading above its moving averages across various time frames, and there has been a significant increase in investor participation, with delivery volume rising by 162.82% compared to the 5-day average.
In the broader market context, Qualitek Labs' performance stands out against the Sensex, which has only increased by 1.24% over the past week and 1.47% over the past month. Year-to-date, Qualitek Labs has returned 12.47%, significantly outperforming the Sensex's 4.67%. This strong performance relative to the benchmark suggests that investor confidence in Qualitek Labs is robust, likely driven by positive market sentiment and the stock's recent achievements. Overall, the combination of strong price movement, increased trading activity, and favorable comparisons to the benchmark indicates a positive outlook for Qualitek Labs.