Why is Zaggle Prepaid falling/rising?

As of 08-Sep, Zaggle Prepaid Ocean Services Ltd is experiencing a decline in its stock price, currently at 375.30, which reflects a decrease of 5.1 points or 1.34%. The stock has underperformed its sector by 0.49% today and has been on a consecutive downward trend for the last five days, resulting in a total decline of 6.53% over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While the company has reported positive financial results over the last seven quarters, including significant growth in net sales and operating profit, it faces challenges such as an expensive valuation indicated by a Price to Book Value of 4 and a decrease in institutional investor participation, which has fallen by 2.56% in the previous quarter.
In the broader market context, Zaggle's short-term performance has been notably weaker compared to the benchmark Sensex, which has gained 0.53% over the past week. While the stock has generated a modest return of 5.27% over the past year, this is juxtaposed against a backdrop of rising profits and a healthy long-term growth trajectory. However, the decline in institutional investor stakes suggests a lack of confidence among more sophisticated investors, which may further pressure the stock's price. Overall, the combination of recent underperformance, valuation concerns, and falling institutional interest contributes to the stock's current downward movement.