Why is Zaggle Prepaid falling/rising?

As of 22-Sep, Zaggle Prepaid Ocean Services Ltd is currently priced at 354.90, reflecting an increase of 0.95 (0.27%). The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 2.88%. However, it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.27%, and it has significantly underperformed the benchmark Sensex, which has risen by 0.46%. Despite a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive, with a Price to Book Value of 3.8. Additionally, there has been a decline in institutional investor participation, which may contribute to the stock's recent struggles.
Broader market context indicates that while Zaggle Prepaid has faced challenges, the overall market has shown resilience, with the Sensex gaining 0.46% in the past week. The stock's year-to-date performance is concerning, with a decline of 31.66%, contrasting sharply with the Sensex's increase of 5.15%. This underperformance over both the short and long term, coupled with falling participation from institutional investors, suggests a cautious outlook for Zaggle Prepaid amidst a generally stable market environment.