Why is Zen Technologies falling/rising?

As of 13-Aug, Zen Technologies Ltd is experiencing a price increase, currently at 1,424.90, reflecting a rise of 22.3 points or 1.59%. Despite this positive movement today, the stock has shown a decline of 23.31% over the past month and a significant 41.73% year-to-date. Today's performance indicates that the stock outperformed its sector by 1.45%, reaching an intraday high of Rs 1432, which is a 2.1% increase. However, it is trading below all key moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 31.36% against the five-day average. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth in net sales and operating profit, but recent quarterly results show a concerning decline in net sales and profit before tax, which may be contributing to investor caution.
In the broader market context, Zen Technologies has underperformed compared to the benchmark, with a one-year return of -13.73% against the BSE500's -0.64%. This underperformance is compounded by a decrease in institutional investor participation, which has fallen by 0.63% in the last quarter, indicating a lack of confidence from larger investors who typically have more resources to analyze company fundamentals. While the stock is trading at a discount compared to its peers, its high valuation metrics and recent declines in key financial indicators suggest that the market remains skeptical about its short-term prospects, despite today's price increase.