Why is Quicktouch Tech falling/rising?

As of 13-Aug, Quicktouch Technologies Ltd is experiencing a rise in its stock price, currently at 60.90, reflecting an increase of 3.2 or 5.55%. The stock has shown strong performance today, outperforming its sector by 5.49%. Additionally, it has higher moving averages compared to the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average. The stock has also seen a significant increase in investor participation, with delivery volume rising by 59.09% against the 5-day average. Despite a substantial decline of 65.88% over the past year, the company has a low debt-to-equity ratio of 0.04 and has reported a healthy long-term growth rate in net sales of 51.40%, which may contribute positively to its recent price movement.
In the broader market context, Quicktouch Technologies Ltd has outperformed the Sensex, which has only increased by 0.18% over the past week, while Quicktouch's stock surged by 20.71%. This stark contrast highlights the stock's strong short-term performance relative to the benchmark. However, it is important to note that the company has underperformed over the last year, with a return of -65.88% compared to the market's -0.64%. The negative results reported in March, including a significant drop in profit after tax and net sales, may still weigh on investor sentiment despite the recent uptick in price.