Why is Zen Technologies falling/rising?

As of 28-Aug, Zen Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,457.00, which reflects a decrease of Rs 52.0 or 3.45%. The stock has underperformed its sector by 1.71% today and has been on a downward trend, falling consecutively for the last two days with a total decline of 5.34%. Over the past week, the stock has shown a modest gain of 2.48%, but it has significantly underperformed over the longer term, with a 1-month return of -13.69% and a year-to-date decline of -40.42%. The company's financial performance has been mixed; while it 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, contributing to a perception of an expensive valuation relative to its peers.
In the broader market context, Zen Technologies has underperformed the benchmark index, with a 1-year return of -20.03% compared to the BSE500's decline of only -5.01%. This stark contrast highlights the stock's struggles relative to the market. Additionally, there has been a decrease in institutional investor participation, which may indicate a lack of confidence in the stock's future performance. The combination of falling institutional interest, disappointing quarterly results, and the stock's inability to maintain upward momentum against the benchmark suggests a challenging environment for Zen Technologies, leading to its current price decline.