Why is Qualitek Labs falling/rising?

As of 15-Oct, Qualitek Labs Ltd is experiencing a price increase, currently at 427.00, which reflects a rise of 7.0 or 1.67%. The stock has shown strong performance, gaining 13.26% over the last six days and outperforming its sector by 2.39% today. Additionally, the stock has consistently outperformed the benchmark Sensex, with a year-to-date return of 15.72% compared to the Sensex's 5.72%. It is also trading above its moving averages across various time frames, indicating a positive trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 112.5% against the five-day average, suggesting heightened interest in the stock.
In the broader market context, Qualitek Labs' short-term performance has been notably strong, with a one-week return of 12.95%, significantly outpacing the Sensex's return of 1.02% during the same period. This indicates that investor sentiment towards Qualitek Labs is favorable compared to the overall market. The stock's liquidity is also adequate, allowing for trades of small sizes, which may contribute to its rising price. Overall, the combination of strong recent performance, increased investor interest, and favorable comparisons to the benchmark supports the upward movement in Qualitek Labs' stock price.