Why is Zee Entertainmen falling/rising?

As of 05-Sep, Zee Entertainment Enterprises Ltd is currently priced at 115.95, reflecting an increase of 1.2, or 1.05%. Despite this positive movement today, the stock has shown a decline of 0.13% over the past week and a more significant drop of 4.45% year-to-date. The stock is trading below its moving averages across various timeframes, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 26.66% compared to the 5-day average. While the company has a low debt-to-equity ratio and attractive valuation metrics, including a PEG ratio of 0.2, it has also faced challenges such as poor long-term growth and recent flat quarterly results, which may contribute to investor caution.
In the broader market context, Zee Entertainment has underperformed against the benchmark Sensex, which has gained 1.13% over the past week, while the stock has declined slightly. This trend of underperformance is consistent, as the stock has generated negative returns over the past year and three years, contrasting with the benchmark's performance. The high institutional holdings at 41.68% may provide some support, as these investors typically have better resources to analyze company fundamentals, but the overall sentiment remains cautious due to the company's recent financial results and long-term growth outlook.