Why is Zaggle Prepaid falling/rising?

As of 09-Sep, Zaggle Prepaid Ocean Services Ltd is currently priced at 373.35, reflecting a decrease of 1.95, or 0.52%. The stock has been underperforming, having fallen for the last six consecutive days, resulting in a total decline of 7.01% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite the company showing healthy long-term growth with a significant increase in net sales and operating profit, the recent decline is exacerbated by a decrease in institutional investor participation, which has fallen by 2.56% over the previous quarter. This suggests a lack of confidence among larger investors, which may negatively influence retail investor sentiment.
In the broader market context, Zaggle's performance over the past week has been notably poor, with a decline of 6.94%, while the benchmark Sensex has gained 1.18%. This stark contrast highlights the stock's underperformance relative to the market. Furthermore, while the IT - Software sector has seen a gain of 2.18%, Zaggle's performance has lagged behind, indicating sector-specific challenges. Overall, the combination of declining institutional interest and poor short-term performance relative to both the sector and the broader market contributes to the stock's downward trajectory.