Why is Quicktouch Tech falling/rising?

As of 17-Sep, Quicktouch Technologies Ltd's stock price is currently at 49.95, reflecting an increase of 1.15 or 2.36%. Despite this positive movement today, the stock has shown a significant decline over the past year, with a return of -68.53%. In the short term, the stock has outperformed its sector by 1.71%, although it remains below its 50-day, 100-day, and 200-day moving averages. The company has faced challenges, including a substantial drop in net sales and operating losses, which have contributed to a weak long-term fundamental strength. Additionally, the stock's return on equity is low at 3.6, and it has a price-to-book value of 0.4, indicating a very attractive valuation despite the negative performance.
In the broader market context, Quicktouch Technologies Ltd has outperformed the Sensex in the past week, with a return of +10.02% compared to the benchmark's +1.43%. However, over the last month, the stock has underperformed, showing a decline of -11.04% while the Sensex gained +2.84%. The company's recent financial results have been concerning, with negative results reported for the last three consecutive quarters, leading to a significant fall in investor participation, as evidenced by a 65.91% decrease in delivery volume. This combination of factors suggests that while there may be short-term gains, the overall outlook for the stock remains negative due to its ongoing financial struggles.