Why is Zaggle Prepaid falling/rising?

As of 23-Sep, Zaggle Prepaid Ocean Services Ltd is experiencing a price increase, currently at 361.05, reflecting a rise of 6.15 or 1.73%. The stock has shown positive momentum, gaining 2.01% over the last two days and outperforming its sector by 2.32% today. It reached an intraday high of Rs 373.4, indicating strong trading activity. However, despite this short-term gain, the stock has faced challenges, with a significant decline of 10.52% over the past month and a year-to-date drop of 30.48%. The company has reported healthy growth in net sales and operating profit, with a low debt-to-equity ratio, but it also faces valuation concerns with a high price-to-book ratio and declining institutional investor participation.
In the broader market context, while Zaggle's recent performance has been positive, it contrasts sharply with the benchmark Sensex, which has seen a slight decline of 0.34% over the past week. This divergence highlights the stock's ability to outperform its sector in the short term despite its longer-term struggles, including a year-over-year return of -18.76%. The decrease in institutional investor stakes and the stock's underperformance over the last three years suggest caution among more sophisticated investors, which may impact future price movements.