Why is Quicktouch Tech falling/rising?

As of 24-Sep, Quicktouch Technologies Ltd is currently priced at 46.60, reflecting a decrease of 0.8, or 1.69%. The stock has underperformed its sector by 1.03% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a decline of 6.71%, and its year-to-date performance shows a significant drop of 48.19%. The company has faced substantial challenges, including a 68.08% decline in returns over the past year and negative results for the last three consecutive quarters, with net sales falling by 57.4% compared to the previous four-quarter average. Additionally, the company's operating losses and weak long-term fundamentals contribute to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has experienced a modest decline of 1.08% over the past week, indicating that Quicktouch Technologies Ltd's performance is lagging behind the benchmark. The company's falling investor participation, with a delivery volume drop of 91.23% against the 5-day average, further highlights the lack of confidence among investors. While the stock has a very attractive valuation with a low price-to-book value and a return on equity of 3.6, these positive factors are overshadowed by the company's ongoing operational struggles and declining profitability. Overall, the combination of poor financial results and underperformance relative to the market has led to the stock's downward movement.