Why is Quicktouch Tech falling/rising?

As of 08-Jul, Quicktouch Technologies Ltd is currently priced at 60.00, reflecting an increase of 0.95 or 1.61%. Despite this positive movement today, the stock has underperformed significantly over the past week and month, with declines of 7.83% and 8.12%, respectively. The stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 21.57% against the 5-day average. While the company has a low debt-to-equity ratio and has experienced healthy long-term growth in net sales, its profits have declined by 18% over the past year, contributing to a staggering 60% drop in stock value over the same period.
In the broader market context, Quicktouch Technologies has significantly lagged behind the benchmark, with the Sensex showing a slight decline of only 0.08% over the past week, while Quicktouch has dropped by nearly 8%. The stock's performance over the last year is particularly concerning, as it has generated negative returns of 60%, contrasting sharply with the BSE500's positive return of 1.98%. This stark underperformance, coupled with negative financial results and low investor interest, suggests that while there may be short-term fluctuations, the overall sentiment remains bearish for Quicktouch Technologies.