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

As of 19-Sep, Z-Tech (India) Ltd is currently priced at 609.60, reflecting a decrease of 1.15, or 0.19%. Despite this slight decline, the stock has shown strong performance in the past week, with a return of 3.79%, and an impressive 11.04% increase over the past month. Today's price summary indicates that Z-Tech is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend. However, there is a notable decline in investor participation, with delivery volume dropping by 42.68% compared to the 5-day average. The company has demonstrated robust growth, with net sales increasing at an annual rate of 45.50% and operating profit soaring by 204.13%. Despite these positive indicators, the stock's high valuation, indicated by a Price to Book Value of 37.9, and the absence of domestic mutual fund investment may be contributing to the current price decline.
In the broader market context, Z-Tech's performance has significantly outpaced the benchmark, with a remarkable return of 84.17% over the past year compared to the BSE500's negative return of -1.96%. This stark contrast highlights the company's strong fundamentals and market-beating performance, even as the stock experiences a minor decline today. The overall market has seen a modest increase of 0.85% over the past week, which further emphasizes Z-Tech's relative strength. However, the lack of confidence from domestic mutual funds could indicate potential concerns about the stock's valuation and future growth prospects, which may be influencing investor sentiment and contributing to the current price movement.