Why is Quick Heal Tech falling/rising?

As of 26-Sep, Quick Heal Technologies Ltd is experiencing a decline in its stock price, currently at Rs 306.10, which reflects a decrease of Rs 7.1 or 2.27%. The stock has been on a downward trend, losing 9.01% over the past week and has fallen for the last five consecutive days. Today's trading saw the stock touch an intraday low of Rs 302.1, indicating significant selling pressure. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish sentiment among investors. The company's financial performance has been poor, with negative results reported for the last three consecutive quarters, including a substantial decline in both profit before tax and profit after tax. Furthermore, the company's long-term growth prospects appear bleak, 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, Quick Heal Technologies has underperformed significantly compared to the benchmark index, the Sensex, which has seen a decline of only 2.66% over the past week. The stock's year-to-date performance is particularly concerning, with a staggering drop of 53.44% compared to a modest gain of 2.93% for the Sensex. The falling participation from institutional investors, who have reduced their stake by 0.92%, further exacerbates the stock's decline, as these investors typically have more resources to analyze the company's fundamentals. Overall, the combination of poor financial results, declining investor interest, and significant underperformance relative to the market contributes to the negative sentiment surrounding Quick Heal Technologies Ltd.