Why is Quicktouch Tech falling/rising?

As of 16-Sep, Quicktouch Technologies Ltd is experiencing a price increase, currently at 48.80, which reflects a rise of 1.8 or 3.83%. Despite this positive movement today, the stock has shown a significant decline over the past year, with a return of -68.79%. In today's performance summary, the stock has outperformed its sector by 2.99%, although it is trading higher than its 5-day and 20-day moving averages but lower than its longer-term moving averages. The company has a very attractive valuation with a low price to book value of 0.4, but it has also reported operating losses and declining net sales, which have fallen by -3.44%. The stock's recent performance is further complicated by a decrease in investor participation, as evidenced by a 26.83% drop in delivery volume compared to the 5-day average.
In the broader market context, Quicktouch Technologies Ltd's short-term return of +6.09% over the past week significantly outpaces the Sensex's return of +1.49% during the same period. However, the company's long-term performance remains concerning, with a year-to-date decline of -45.75% compared to the Sensex's gain of +6.74%. The stock's weak long-term fundamental strength, highlighted by consecutive negative results over the last three quarters and a substantial drop in profits, suggests that while there may be short-term gains, the overall outlook remains bleak.