Why is Quest Capital falling/rising?

As of 07-Oct, Quest Capital Markets Ltd is experiencing a decline in its stock price, currently at Rs 316.95, which reflects a decrease of Rs 5.0 or 1.55%. The stock has been underperforming, with a notable drop of 6.23% over the last two days and a significant year-to-date decline of 35.72%. Although the stock opened with a 2% gain today and reached an intraday high of Rs 328.4, it remains close to its 52-week low, just 1.96% away from Rs 310.75. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. Despite a substantial increase in delivery volume, which rose by 489.12% against the 5-day average, the overall performance remains weak.
In the broader market context, Quest Capital's performance has been significantly lagging behind the Sensex, which has gained 2.07% over the past week while Quest Capital has dropped 7.32%. This underperformance is evident across multiple time frames, with the stock showing negative returns over the past month and year, contrasting sharply with the Sensex's positive returns. The stock's liquidity appears adequate for trading, but the persistent decline and failure to maintain upward momentum suggest that investor sentiment remains cautious. Overall, the combination of poor recent performance, trading below moving averages, and significant underperformance relative to the benchmark contributes to the stock's downward trajectory.