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

As of 18-Nov, Z-Tech (India) Ltd is experiencing a price increase, currently at 558.10, reflecting a change of 39.15 or 7.54% upward. Today's performance indicates that the stock has outperformed its sector by 8.48%. While the stock is higher than its 5-day moving averages, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. The company has shown healthy long-term growth, with net sales increasing at an annual rate of 45.50% and operating profit soaring by 204.13%. Additionally, the stock has generated a significant return of 47.96% over the past year, outperforming the broader market, which has seen returns of 8.30%. However, there are concerns regarding the company's valuation, as it has a high Price to Book Value of 5.4, and a reduction in promoter confidence due to a 1.07% decrease in their stake. In the broader market context, Z-Tech's short-term performance shows a slight decline of 0.14% over the past week, contrasting with the Sensex, which has increased by 0.84%. This indicates that while the stock is currently rising, it has struggled in the short term compared to the benchmark. The company's low debt-to-equity ratio and consistent positive quarterly results contribute positively to investor sentiment, but the reduction in promoter stake may raise concerns about future growth prospects. Overall, the stock's recent upward movement can be attributed to strong financial performance and investor participation, despite some underlying valuation and confidence issues.