Why is Quick Heal Tech falling/rising?

As of 05-Sep, Quick Heal Technologies Ltd is experiencing a decline in its stock price, currently at 296.80, which reflects a decrease of 2.2 or 0.74%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.69%. Despite a positive performance over the past week with a return of 4.14%, the stock has shown a significant drop of 5.94% over the past month and a staggering 54.85% year-to-date. The company has reported negative results for the last three consecutive quarters, with a net profit after tax of -5.51 crore, which has fallen by 236.7%. Additionally, the stock's performance is hindered by a negative EBITDA and a low debt-to-equity ratio, indicating poor long-term growth prospects.
In the broader market context, while the Sensex has remained flat over the past month, Quick Heal Technologies Ltd has significantly underperformed, with a year-to-date return of -54.85% compared to the Sensex's 3.29% gain. The stock's recent decline is compounded by falling investor participation, as evidenced by a 30.56% drop in delivery volume against the five-day average. Furthermore, institutional investors have reduced their stake by 0.92%, indicating a lack of confidence in the company's fundamentals. Overall, the combination of poor financial performance, declining investor interest, and underwhelming returns compared to the benchmark has contributed to the stock's downward movement.