Why is Quick Heal Tech falling/rising?

As of 28-Aug, Quick Heal Technologies Ltd is experiencing a decline in its stock price, currently at Rs 292.80, which reflects a decrease of Rs 8.2 or 2.72%. The stock has underperformed its sector by 0.98% today and has been on a downward trend for the last two days, accumulating a total loss of 4.94%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 5.06%, and it has shown a significant year-to-date decline of 55.46%, contrasting sharply with the Sensex, which has gained 2.48% during the same period. The company has also reported negative results for the last three consecutive quarters, with a notable drop in both profit before tax and profit after tax, contributing to a negative sentiment around the stock.
In the broader market context, Quick Heal Technologies Ltd has significantly underperformed compared to the benchmark, with a one-year return of -56.62% against the BSE500's decline of only -5.01%. This stark contrast highlights the company's struggles, particularly in light of its poor long-term growth metrics, including a negative annual growth rate in net sales and operating profit. Furthermore, the falling participation from institutional investors, who have reduced their stake in the company, adds to the negative outlook, as these investors typically have more resources to assess company fundamentals. The combination of these factors has created a challenging environment for Quick Heal Technologies Ltd, leading to its current stock price decline.