Why is Qualitek Labs falling/rising?

As of 24-Sep, Qualitek Labs Ltd is experiencing a decline in its stock price, currently at Rs 417.10, which represents a decrease of Rs 21.9 or 4.99%. The stock has underperformed its sector by 4.02% today and has been on a downward trend for the last two days, accumulating a total loss of 5.19% during this period. Additionally, the stock opened with a loss of 2.3% today and reached an intraday low of Rs 417.05. Over the past week, the stock has decreased by 3.00%, although it has shown a significant increase of 26.39% over the past month and 37.68% over the past year. Notably, there has been a marked decline in investor participation, with delivery volume falling by 59.73% compared to the 5-day average, indicating reduced interest in trading the stock.
In the broader market context, while Qualitek Labs has seen a strong performance year-to-date with a 13.04% increase, it has underperformed the benchmark Sensex, which has gained 4.58% in the same timeframe. The stock's recent struggles are compounded by its erratic trading patterns, as it did not trade on one day out of the last 20. Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below the 5-day moving average, suggesting a short-term weakness. Overall, the combination of declining investor interest and recent price movements has contributed to the stock's current downward trajectory.