Why is Quick Heal Tech falling/rising?

As of 12-Aug, Quick Heal Technologies Ltd is experiencing a decline in its stock price, currently at 284.25, which reflects a decrease of 0.75 or 0.26%. The stock has underperformed its sector by 0.54% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 9.92%, and its performance over the last month shows a significant drop of 25.11%. The company's net sales have been declining at an annual rate of 2.47%, and it has reported negative results for the last three consecutive quarters, with a particularly concerning PAT of Rs -5.51 crore, which has fallen by 236.7%. Additionally, the stock has seen a decrease in investor participation, with delivery volume down by 41.03% against the 5-day average, indicating waning interest from investors.
In the broader market context, Quick Heal Technologies Ltd has underperformed significantly compared to the benchmark, with a year-to-date return of -56.76% against the Sensex's positive return of 2.68%. This stark contrast highlights the stock's struggles, especially as institutional investors have reduced their stakes by 0.92% in the last quarter, reflecting a lack of confidence in the company's fundamentals. The overall market has also faced challenges, with the BSE500 generating negative returns of -2.11% over the past year, yet Quick Heal's decline has been much steeper at -52.25%. This combination of poor financial performance, declining investor interest, and significant underperformance relative to the market contributes to the stock's current downward trajectory.