Why is Zen Technologies falling/rising?

As of 30-Jul, Zen Technologies Ltd is experiencing a decline in its stock price, currently at 1,523.55, which reflects a decrease of 80.15 points or 5.0%. The stock has been underperforming significantly, with a consecutive fall over the last five days, resulting in a total decline of 19.81% in that period. Today, it opened with a loss of 5% and has traded flat at this price, reaching an intraday low of Rs 1,523.55. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 30.34% compared to the 5-day average, suggesting falling investor participation. Despite having a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, these positive factors have not been sufficient to counteract the recent negative price movements.
In the broader market context, Zen Technologies has significantly underperformed compared to the Sensex, which has only declined by 1.50% over the past week while Zen has dropped by 19.81%. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, while the year-to-date performance shows a decline of 37.70% for Zen Technologies, the Sensex has gained 4.28%, further emphasizing the stock's weak position. The ongoing negative sentiment surrounding the stock, coupled with its poor short-term performance compared to the benchmark, suggests that investor confidence is waning, contributing to the continued decline in its price.