Why is Zen Technologies falling/rising?

As of 18-Aug, Zen Technologies Ltd is experiencing a price increase, with the current price at Rs 1,428.65, reflecting a rise of Rs 22.25 or 1.58%. Today's performance indicates that the stock has outperformed its sector by 2.03%, reaching an intraday high of Rs 1,476.7, which is a 5% increase. However, the stock has shown a decline of 24.08% over the past month and a significant 41.58% year-to-date. While the company has a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, recent quarterly figures show a concerning drop in net sales and profit before tax, which may contribute to investor caution. Additionally, there has been a notable decrease in institutional investor participation, which could signal a lack of confidence in the stock's future performance.
In the broader market context, the stock has underperformed compared to the benchmark, with a one-year return of -16.09% against the BSE500's -1.14%. This stark contrast highlights the challenges Zen Technologies faces in attracting investor interest, particularly from institutional investors who have reduced their stakes. Despite the recent uptick in price, the overall trend indicates that the stock is struggling to regain momentum, especially given its significant declines over the past year and month. The combination of falling investor participation and disappointing quarterly results suggests that while there may be short-term gains, the long-term outlook remains uncertain.