Why is Quick Heal Tech falling/rising?

As of 14-Aug, Quick Heal Technologies Ltd is experiencing a decline in its stock price, currently at Rs 281.75, which reflects a decrease of Rs 6.0 or 2.09%. The stock has underperformed its sector by 2.31% today, reaching an intraday low of Rs 280.5. Over the past week, the stock has dropped by 5.77%, and it has shown a significant decline of 25.52% over the past month. The company has reported negative results for the last three consecutive quarters, with a net profit after tax of Rs -5.51 crore, representing a fall of 236.7%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The delivery volume has also decreased by 49.08% compared to the five-day average, suggesting falling investor participation.
In the broader market context, the Sensex has remained relatively stable with a minimal change of -0.03% over the past week. However, Quick Heal Technologies has significantly underperformed the benchmark, with a year-to-date return of -57.14% compared to the Sensex's gain of 3.15%. The company's long-term growth prospects appear poor, as evidenced by a negative EBITDA and a decline in net sales at an annual rate of -2.47% over the last five years. Institutional investors have also reduced their stake in the company by 0.92%, indicating a lack of confidence in its future performance. Overall, the combination of poor financial results, declining investor interest, and underperformance relative to the benchmark contributes to the stock's downward movement.