Why is Zaggle Prepaid falling/rising?

As of 18-Sep, Zaggle Prepaid Ocean Services Ltd is experiencing a decline in its stock price, currently at Rs 357.20, which reflects a decrease of Rs 7.4 or 2.03%. The stock has underperformed today, with a performance that is 2.73% lower than its sector. It touched an intraday low of Rs 355.45 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 3.03%, and it has shown a significant decline of 31.22% year-to-date, indicating consistent underperformance against the benchmark indices. While the company has reported positive growth in net sales and operating profit, the recent decrease in institutional investor participation, which has dropped by 2.56%, raises concerns about the stock's appeal to more knowledgeable investors.
Broader market context shows that while Zaggle Prepaid has struggled, the Sensex has gained 1.80% over the past week and 6.24% year-to-date. This stark contrast highlights the stock's consistent underperformance against the broader market, particularly over the last three years, where it has generated negative returns of 20.31% in the past year. The declining institutional interest and the stock's inability to keep pace with market benchmarks suggest a lack of confidence among investors, contributing to the downward pressure on its price.