Why is Zen Technologies falling/rising?

As of 07-Aug, Zen Technologies Ltd is currently priced at 1,433.40, reflecting an increase of 4.65 (0.33%). Today's price summary indicates that the stock has gained after three consecutive days of decline, reaching an intraday high of Rs 1463.75, which is a 2.45% increase. However, the stock has underperformed its sector by 0.35% and is trading below all its moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 55.58% compared to the five-day average. 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 indicate a decline in net sales and profit before tax, which may contribute to the stock's volatility.
In the broader market context, Zen Technologies has underperformed the benchmark Sensex over various periods, particularly with a year-to-date return of -41.38% compared to the Sensex's gain of 3.18%. This stark contrast highlights the stock's struggles relative to the market. Institutional investors have also reduced their stake in the company, indicating a lack of confidence among those with greater analytical resources. Despite the stock trading at a discount compared to its peers, the overall negative sentiment and declining participation from institutional investors may be influencing the stock's recent price movements.