Why is Zen Technologies falling/rising?

As of 29-Jul, Zen Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,603.70, which reflects a decrease of Rs 84.4 or 5.0%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 15.59% during this period. It opened with a loss of 5% today and reached an intraday low of Rs 1,603.70. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In terms of performance against benchmarks, Zen Technologies has underperformed significantly, with a 1-week return of -15.26% compared to the Sensex's -1.03%, and a 1-month return of -16.61% against the Sensex's -3.24%. Although the company has shown healthy long-term growth with net sales and operating profit increasing at annual rates of 53.03% and 56.28%, respectively, the current market sentiment appears negative.
In the broader market context, Zen Technologies' recent performance contrasts sharply with the Sensex, which has shown a positive return of 4.09% year-to-date, while Zen Technologies has declined by 34.42% in the same timeframe. The stock's liquidity is adequate, with a delivery volume that has decreased by 35.2% against the 5-day average, suggesting a drop in investor participation. Despite the company's low debt-to-equity ratio being a positive factor, the overall market conditions and the stock's recent performance indicate a challenging environment for investors, contributing to the current decline in its stock price.