Why is Zen Technologies falling/rising?

As of 28-Jul, Zen Technologies Ltd is experiencing a decline in its stock price, currently at 1,688.10, reflecting a decrease of 88.8 points or 5.0%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 11.15% during this period. Today, it opened with a loss of 5% and reached an intraday low of Rs 1,688.1. In the context of longer-term performance, the stock has seen a significant decline of 30.97% year-to-date, although it has generated a positive return of 10.24% over the past year. Despite this recent downturn, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 45.50%.
In the broader market context, Zen Technologies' short-term performance has been notably worse than the benchmark, with a 1-week return of -11.33% compared to the Sensex's decline of only -1.59%. This stark contrast highlights the stock's recent struggles relative to the overall market. However, it is worth noting that the company has consistently outperformed the BSE500 over the last three years, which may provide some reassurance to investors despite the current volatility. Additionally, rising investor participation, as indicated by a significant increase in delivery volume, suggests that there may still be interest in the stock, even amidst its recent price decline.