Why is Zaggle Prepaid falling/rising?

As of 12-Aug, Zaggle Prepaid Ocean Services Ltd is experiencing a decline in its stock price, currently at 372.55, reflecting a decrease of 2.15 points or 0.57%. The stock has underperformed its sector by 0.85% today and has been on a consecutive downward trend for the last three days, accumulating a total decline of 3.18%. In terms of returns, the stock has fallen by 0.75% over the past week and 9.85% over the past month, while it has shown a year-to-date decline of 28.27%. Despite the company's positive financial indicators, such as a significant growth in net sales and operating profit, the stock's performance is hindered by its high valuation metrics, including a price-to-book value of 4 and a relatively low return on equity of 7.
Broader market context indicates that while the Sensex has also seen a slight decline of 0.59% over the past week, Zaggle's performance is notably worse, suggesting that specific company-related issues are at play. Additionally, the decrease in institutional investor participation, which has dropped by 2.56% in the previous quarter, may reflect a lack of confidence in the stock's future performance compared to its peers. This decline in institutional interest, combined with the stock's underperformance against the benchmark and its high valuation, contributes to the negative sentiment surrounding Zaggle Prepaid, leading to its current price decline.