Why is Quicktouch Tech falling/rising?

As of 12-Sep, Quicktouch Technologies Ltd's stock price is currently at 46.90, reflecting an increase of 1.15 or 2.51%. Despite this positive movement today, the stock has shown a significant decline over the past month, with a return of -18.72%, and an alarming -70.48% over the last year. Today's performance indicates that the stock has outperformed its sector by 2.31%, although it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a lack of sustained upward momentum. Additionally, the company has experienced a drop in investor participation, with delivery volume falling by 20.45% against the 5-day average, which may indicate waning interest among investors. The company's financial health is concerning, as it has reported operating losses and negative results for the last three consecutive quarters, with net sales and profits significantly declining.
In the broader market context, Quicktouch Technologies Ltd's short-term return of +2.18% over the past week has outperformed the Sensex, which increased by 1.51%. However, this short-term gain is overshadowed by the stock's long-term underperformance, as it has lagged behind the benchmark in the last year and three years. The company's weak long-term fundamental strength, indicated by a return on equity of only 3.6 and a price-to-book value of 0.4, further exacerbates the situation. With a substantial decline in net sales and profits, the stock's overall outlook remains bleak, despite today's modest rise.