Why is Zen Technologies falling/rising?

As of 05-Aug, Zen Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,473.95, which reflects a decrease of Rs 23.2 or 1.55%. The stock has underperformed its sector by 1.15% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.86%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, it has seen a significant decline of 8.09%, and in the last month, it has dropped 23.78%. The company has also reported a decrease in delivery volume by 25.69% compared to the 5-day average, indicating falling investor participation. While the company has a low debt-to-equity ratio and has shown healthy long-term growth in net sales and operating profit, recent quarterly results reveal a concerning drop in net sales and profit before tax, which has contributed to the stock's negative sentiment.
In the broader market context, Zen Technologies has underperformed compared to the benchmark, with a year-to-date decline of 39.72% against a 3.29% increase in the Sensex. The stock's performance over the past year has also been poor, with a return of -10.23% while the broader market has generated a slight positive return of 0.50%. The decrease in institutional investor participation, with a reduction of 0.63% in their stake, further exacerbates the stock's challenges, as these investors typically have more resources to analyze company fundamentals. Overall, the combination of disappointing financial results, declining investor interest, and significant underperformance relative to the market has led to the current downward trend in Zen Technologies' stock price.