Why is Zen Technologies falling/rising?

As of 16-Jul, Zen Technologies Ltd is currently priced at 1,833.20, reflecting a decrease of 4.85 points or 0.26%. The stock has underperformed its sector today by 0.73%, and its delivery volume has significantly dropped by 52.46% compared to the 5-day average, indicating a decline in investor participation. Over the past week, the stock has seen a return of -6.20%, and it has also underperformed over the past month with a -7.07% return. Despite a strong long-term growth trajectory, with net sales increasing at an annual rate of 45.50% and a net profit growth of 166.7%, the stock's recent performance is hindered by a high valuation and decreasing institutional investor participation, which has fallen by 1.85% in the last quarter.
In the broader market context, the Sensex has only declined by 1.08% over the past week, suggesting that Zen Technologies' performance is lagging behind the overall market. While the stock has generated a substantial return of 34.79% over the past year, the recent downturn in price and participation may be attributed to its very expensive valuation and the reduced stake of institutional investors, who typically have more resources to analyze company fundamentals. This combination of factors indicates that while the company has shown strong historical performance, current market sentiment and valuation concerns are contributing to its recent price decline.