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

As of 13-Nov, Z-Tech (India) Ltd is experiencing a decline in its stock price, currently at 519.70, which reflects a decrease of 28.9 points or 5.27%. The stock has underperformed its sector by 5.98% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Z-Tech has seen a return of -8.66%, and for the month, it has decreased by 12.56%. Despite a strong annual performance of 51.27%, the recent drop can be attributed to a combination of factors, including a high valuation indicated by a Price to Book Value of 5 and a reduction in promoter confidence, as they have decreased their stake by 1.07%. In the broader market context, Z-Tech's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.45% over the past week and 2.58% over the past month. This divergence highlights the stock's struggles despite its long-term growth potential, as evidenced by a 45.50% annual growth in net sales and a 204.13% increase in operating profit. However, the declining promoter stake may signal concerns about future business prospects, contributing to the stock's downward movement in the short term.