Why is Quicktouch Tech falling/rising?

As of 12-Aug, Quicktouch Technologies Ltd is experiencing a price increase, currently at 57.70, reflecting a change of 7.15 or 14.14%. The stock has outperformed its sector today by 13.86%, and it is trading above its 5-day, 20-day, and 100-day moving averages, although it remains below the 50-day and 200-day moving averages. Despite this positive movement, the stock has shown a significant decline over the past year, with a return of -68.99%, while its profits have decreased by 18%. The company has a low debt-to-equity ratio of 0.04, indicating financial stability, and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 51.40%. However, negative results reported in March, including a significant drop in PAT and net sales, contribute to a bearish outlook.
In the broader market context, Quicktouch Technologies has outperformed the Sensex over the past week, gaining 5.29% compared to the benchmark's decline of 0.67%. However, the stock's year-to-date performance is notably poor, with a decline of 35.85% against the Sensex's gain of 3.56%. The stock's liquidity is adequate for trading, but a significant drop in delivery volume by 66.67% against the 5-day average indicates falling investor participation, which could hinder sustained price increases. Overall, while the stock is rising today, its long-term performance and recent negative financial results suggest a cautious outlook.