Why is Quick Heal Tech falling/rising?

As of 13-Jun, Quick Heal Technologies Ltd is experiencing a decline in its stock price, currently at Rs 343.80, which reflects a decrease of Rs 8.3 or 2.36%. The stock has underperformed its sector by 2.41% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 7.33% during this period. Additionally, the stock opened with a loss of 2.57% today and reached an intraday low of Rs 340.05. Over the past week, the stock has decreased by 6.47%, while its performance over the past month shows a positive return of 20.93%. However, the year-to-date performance is concerning, with a significant drop of 47.70%. The company has also reported poor long-term growth, with net sales declining at an annual rate of 0.47% and operating profit plummeting by 177.55% over the last five years, contributing to the stock's negative sentiment.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.30% over the past week. While Quick Heal Technologies has shown a strong return of 115.62% over the last three years, its one-year performance is troubling, with a loss of 20.90%, significantly underperforming the market, which has generated a return of 3.05% in the same timeframe. The company's low debt-to-equity ratio and majority ownership by promoters do not seem to alleviate concerns regarding its financial health, especially given the negative EBITDA and a substantial drop in profits by 79.2% over the past year. This combination of factors indicates a challenging environment for Quick Heal Technologies, leading to its current stock price decline.