Why is Zen Technologies falling/rising?

As of 25-Aug, Zen Technologies Ltd's stock price is currently at 1,539.20, reflecting an increase of 46.35, or 3.1%. The stock has shown a positive trend recently, gaining 8.38% over the last three days and outperforming its sector by 0.7%. Despite a significant decline of 13.38% over the past month and a year-to-date drop of 37.06%, the stock's performance over the last week has been strong, with a return of 7.74%. The company benefits from a low debt-to-equity ratio and impressive long-term growth in net sales and operating profit, which have increased at annual rates of 53.03% and 56.28%, respectively. However, the recent quarterly net sales and profit before tax figures have fallen significantly, raising concerns about its valuation, which is considered expensive relative to its peers.
In the broader market context, while the stock has underperformed the market over the past year, generating a return of -13.85% compared to the BSE500's -2.11%, it has shown resilience in the short term. The stock's recent gains come amid a general uptick in the IT - Software sector, which has risen by 2.38%. Additionally, there has been a notable increase in retail investor participation, with delivery volume rising significantly. However, the decrease in institutional investor stakes may signal caution among more experienced investors, which could impact future performance. Overall, the stock's recent rise is driven by short-term momentum and positive sector performance, despite underlying concerns regarding its long-term fundamentals.