Why is Quicktouch Tech falling/rising?

As of 23-Sep, Quicktouch Technologies Ltd's stock price is currently at 47.40, showing no change (0.00%). The stock has underperformed significantly over the past year, with a return of -67.74%, while also experiencing a decline of -3.76% over the past month. Today's performance indicates that the stock has outperformed its sector by 0.59%, although it is trading higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by -37.5% compared to the 5-day average. The company has reported operating losses and negative results for the last three consecutive quarters, with a significant drop in net sales and profits, which contributes to its weak long-term fundamental strength.
In the broader market context, Quicktouch Technologies Ltd has underperformed compared to the Sensex, which has gained 6.45% year-to-date, while the stock has plummeted by -47.30% in the same period. This stark contrast highlights the challenges faced by Quicktouch in attracting investor confidence, especially given its recent financial struggles and declining sales. The stock's performance over the past week shows a decline of -2.87%, while the Sensex has only decreased by -0.28%, further emphasizing the stock's weakness relative to the market. Overall, the combination of poor financial results, declining sales, and reduced investor interest suggests a challenging outlook for Quicktouch Technologies Ltd.