Why is Zen Technologies falling/rising?

As of 12-Aug, Zen Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,402.60, which reflects a decrease of Rs 29.35 or 2.05%. The stock has underperformed its sector by 2.33% today, touching an intraday low of Rs 1,400.35. Over the past week, the stock has fallen by 4.84%, and its performance over the last month shows a significant drop of 24.51%. While the company has a low debt-to-equity ratio and has demonstrated healthy long-term growth in net sales and operating profit, recent quarterly results indicate a troubling trend with net sales and profit before tax both declining sharply. Additionally, institutional investor participation has decreased, suggesting a lack of confidence among larger investors.
In the broader market context, Zen Technologies has underperformed compared to the Sensex, which has only declined by 0.59% over the past week. The stock's year-to-date performance shows a substantial drop of 42.64%, contrasting sharply with the Sensex's gain of 2.68%. This underperformance is further highlighted by the stock's negative return of 18.52% over the past year, while the broader market has only seen a decline of 2.11%. The combination of falling investor participation, disappointing quarterly results, and a significant drop in stock value relative to the benchmark indicates a challenging environment for Zen Technologies.