Why is Quest Laborato. falling/rising?

As of 03-Jul, Quest Laboratories Ltd has seen its stock price rise to 97.55, reflecting an increase of 0.55 or 0.57%. The stock's performance today is reported to be inline with its sector, although it is currently higher than the 5-day, 20-day, and 50-day moving averages, while remaining lower than the 100-day and 200-day moving averages. Notably, there has been a decline in investor participation, with delivery volume on 02 July falling by 32.69% compared to the 5-day average. In terms of returns, the stock has performed well in the short term, with a 14.03% increase over the past week, contrasting with a slight decline of 0.56% in the Sensex during the same period. However, the stock has experienced a significant decline of 19.41% year-to-date and 36.64% over the past year, indicating a challenging longer-term trend.
Broader market context shows that while Quest Laboratories Ltd has outperformed the Sensex in the short term, the overall market has seen a positive return of 3.52% over the past month, suggesting that the stock's recent rise may be more of a short-term recovery rather than a sustained upward trend. The broader market's performance contrasts with the stock's year-to-date and yearly declines, highlighting the volatility and potential challenges the company faces in regaining investor confidence. The lack of specific positive or negative factors further complicates the understanding of the stock's movement, as no additional insights are available to clarify the reasons behind the recent price changes.