Why is Zen Technologies falling/rising?

As of 15-Jul, Zen Technologies Ltd is currently priced at 1,838.05, reflecting an increase of 13.25, or 0.73%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -5.81%. However, it has demonstrated strong long-term growth, with net sales increasing at an annual rate of 45.50% and a net profit growth of 166.7%. The company has consistently declared positive results for the last 13 quarters, which contributes to its appeal. Nonetheless, the stock's valuation appears expensive with a Price to Book Value of 9.8, and there has been a decrease in institutional investor participation, which may raise concerns among retail investors.
In the broader market context, while Zen Technologies has outperformed the benchmark Sensex over the past year with a return of 34.95% compared to the Sensex's 2.36%, it has struggled in the short term, particularly in the last week. The Sensex has only declined by 1.36% during the same period, indicating that Zen Technologies' recent performance is not aligned with the broader market trend. The stock's liquidity remains adequate for trading, but the falling delivery volume suggests a decrease in investor interest, which could impact future price movements.