Why is Qualitek Labs falling/rising?

As of 18-Sep, Qualitek Labs Ltd is experiencing a price increase, currently at Rs. 438.00, which reflects a rise of 8.0 or 1.86%. The stock has shown strong performance recently, with a new 52-week and all-time high of Rs. 447 reached today. It opened with a gain of 2.09% and touched an intraday high of Rs. 447, indicating positive momentum. Over the past week, the stock has outperformed its sector by 1.72%, and its year-to-date return stands at 18.70%, significantly higher than the Sensex's 6.24%. Additionally, rising investor participation is evident, with a 45.83% increase in delivery volume compared to the 5-day average, suggesting growing interest in the stock.
Broader market context shows that while Qualitek Labs has outperformed the Sensex in the short term, with a 14.36% return over the past week compared to the benchmark's 1.80%, the overall market has been relatively stable. The stock's performance is further supported by its trading above all key moving averages, indicating a strong upward trend. Despite some erratic trading patterns, including a day without trades in the last 20 days, the liquidity remains sufficient for trading, which may contribute to the stock's rising price.