Why is Quicktouch Tech falling/rising?

As of 20-Oct, Quicktouch Technologies Ltd is experiencing a decline in its stock price, currently at Rs 42.90, which reflects a decrease of Rs 1.6 or 3.6%. The stock has hit a new 52-week low of Rs 40 today and has underperformed its sector by 4.5%. Over the past week, the stock has seen a significant drop of 8.72%, and its year-to-date performance shows a staggering decline of 52.31%. The company has reported negative financial results for the last three consecutive quarters, with net sales falling by 57.4% compared to the previous four-quarter average, contributing to a weak long-term fundamental strength. Despite a low price-to-book value indicating a potentially attractive valuation, the company's return on equity stands at only 3.6%, which does not support a positive outlook.
In the broader market context, Quicktouch Technologies Ltd's performance is notably poor compared to the Sensex, which has increased by 2.44% over the past week. This stark contrast highlights the stock's underperformance, particularly as it has generated a return of -67.76% over the last year, while the broader market has seen a modest gain of 3.98%. The stock's liquidity appears adequate for trading, but the overall negative sentiment surrounding its operating losses and declining profits suggests that investor confidence is waning, leading to the current downward trend in its stock price.