Why is Zen Technologies falling/rising?

As of 06-Aug, Zen Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,428.75, which reflects a decrease of Rs 45.2 or 3.07%. The stock has underperformed its sector by 1.78% today and has been on a downward trend for the past three days, accumulating a total loss of 6.81% during this period. Additionally, the stock has shown significant underperformance over the past month, with a decline of 26.12%, while its year-to-date performance is down 41.57%. Key negative factors contributing to this decline include a substantial drop in net sales by 35% in the last quarter compared to the previous four quarters, and a decrease in profit before tax by 37.4%. Although the company has a low debt-to-equity ratio and has shown healthy long-term growth in net sales and operating profit, the recent financial performance has raised concerns among investors.
In the broader market context, Zen Technologies' short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.15% over the past week. The stock's liquidity remains adequate for trading, but there has been a significant drop in delivery volume, indicating falling investor participation, particularly from institutional investors who have reduced their stake by 0.63% in the last quarter. This decline in institutional interest, combined with the company's expensive valuation relative to its peers and the negative trends in key financial metrics, suggests a lack of confidence in the stock's near-term prospects, contributing to its current downward trajectory.