Why is Quick Heal Tech falling/rising?

As of 04-Sep, Quick Heal Technologies Ltd is experiencing a decline in its stock price, currently at Rs 299.00, which reflects a decrease of Rs 6.0 or 1.97%. The stock opened with a gain of 2.75% today, reaching an intraday high of Rs 313.4, but subsequently fell to a low of Rs 298.2. Over the past week, the stock has shown a positive return of 2.12%, although it has underperformed the sector by 1.17%. The company has reported negative results for the last three consecutive quarters, with a significant drop in PAT and net sales, contributing to a poor long-term growth outlook. Additionally, institutional investors have reduced their stakes, indicating a lack of confidence in the company's future performance.
Broader market context shows that while Quick Heal Technologies has underperformed against the BSE500 over the last year, it has also faced a substantial decline of 54.52% year-to-date, contrasting with the Sensex's positive return of 3.30%. The stock's performance has been particularly weak over the past year, generating a return of -58.01%, which is significantly lower than the benchmark's -1.98%. This underperformance, combined with a negative EBITDA and declining investor participation, suggests that the stock is facing considerable challenges in both the short and long term.