Why is Quick Heal Tech falling/rising?

As of 11-Sep, Quick Heal Technologies Ltd's stock price is currently at Rs 322.80, reflecting a decline of Rs 15.8 or 4.67%. Today's performance indicates that the stock has underperformed its sector by 4.33%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 322.05 and has seen increased trading volume, with delivery volume rising by 109.1% against the 5-day average. Despite a positive short-term return of 7.96% over the past week and 12.26% over the past month, the company faces significant challenges, including negative results for the last three consecutive quarters and a poor long-term growth outlook, with net sales declining at an annual rate of -2.47% and operating profit plummeting by -181.42% over the last five years.
In the broader market context, while Quick Heal Technologies has outperformed the Sensex in the short term, it has significantly underperformed in the long term, with a year-to-date return of -50.90% compared to the Sensex's 4.36%. The stock's declining performance is compounded by falling participation from institutional investors, who have reduced their stake by 0.92% in the previous quarter. This suggests a lack of confidence in the company's fundamentals, which may further contribute to the stock's downward pressure. Overall, the combination of poor financial performance, negative investor sentiment, and recent price movements indicates a challenging environment for Quick Heal Technologies Ltd.