Why is Zen Technologies falling/rising?

As of 04-Aug, Zen Technologies Ltd is experiencing a decline in its stock price, currently at 1,497.15, reflecting a decrease of 36.05 or 2.35%. The stock has underperformed its sector by 3.97% today, having touched an intraday low of Rs 1484.7, which is a drop of 3.16%. Over the past week, the stock has seen a significant decline of 11.31%, and its year-to-date performance shows a drop of 38.78%. Although the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 53.03%, recent quarterly figures indicate a concerning drop in net sales by 35.0% compared to the previous four quarters, contributing to negative sentiment around the stock. Additionally, the stock is trading below all major moving averages, which suggests a bearish trend.
In the broader market context, while the Sensex has shown a slight increase of 0.16% over the past week, Zen Technologies' performance has been notably weaker, indicating a divergence from the overall market trend. The stock's one-year return of -12.45% starkly contrasts with the BSE500's negative return of only -2.34%, highlighting its underperformance. Furthermore, a decrease in institutional investor participation, with a reduction of 0.63% in their stake, raises concerns about confidence in the stock's future prospects. Despite a low debt-to-equity ratio and a relatively fair valuation compared to peers, the combination of declining sales and reduced institutional interest has contributed to the stock's downward movement.