Why is Z-Tech (India) falling/rising?

As of 16-Sep, Z-Tech (India) Ltd is currently priced at 594.50, reflecting a decrease of 1.25 points or 0.21%. The stock has underperformed its sector by 0.63% today, despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Z-Tech has shown a return of 1.25%, while its performance over the last month stands at 8.13%. The company has demonstrated strong fundamentals, with a low debt-to-equity ratio of 0.02 times and impressive growth in net sales and operating profit. However, the stock's valuation appears high with a price-to-book value of 37.3, and the lack of domestic mutual fund investment may indicate caution among institutional investors.
Broader Market Context: In comparison to the benchmark Sensex, which has returned 1.49% over the past week and 2.47% over the past month, Z-Tech's recent performance has lagged slightly. Despite the broader market's positive trajectory, the stock has generated a remarkable 69.45% return over the past year, significantly outperforming the negative return of -0.57% from the Sensex. This disparity highlights Z-Tech's strong market-beating performance, although the recent decline in investor participation, as evidenced by a 76.46% drop in delivery volume, may be contributing to the current price movement.