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

As of 24-Sep, Z-Tech (India) Ltd is experiencing a decline in its stock price, currently at 594.40, which reflects a decrease of 9.45 points or 1.56%. Today's performance indicates that the stock has underperformed its sector by 1.1%. Although the stock is trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. The stock has shown a strong performance over the past month with a return of 12.65%, and an impressive 63.12% increase over the past year, despite the broader market (BSE500) generating negative returns of -5.32%. The company has reported positive results over the last three consecutive quarters, with significant growth in net sales and operating profit, which could support its valuation despite concerns about its high Price to Book Value ratio.
In the broader market context, Z-Tech's short-term performance has been less favorable compared to the benchmark, as it has declined by 3.87% over the past week while the Sensex has only fallen by 1.08%. This underperformance, coupled with the fact that domestic mutual funds hold no stake in the company, may indicate a lack of confidence in its current valuation despite its strong financial growth. The low debt-to-equity ratio and rising investor participation, evidenced by a 34.62% increase in delivery volume, suggest some positive sentiment; however, the high valuation metrics and limited institutional interest could be contributing to the stock's recent downward movement.