Why is Zen Technologies falling/rising?

As of 05-Sep, Zen Technologies Ltd is currently priced at 1,480.00, reflecting an increase of 6.45 (0.44%). The stock has shown a trend reversal, gaining after three consecutive days of decline. It has outperformed its sector by 1.65% today, and the delivery volume has risen by 28.2% compared to the five-day average, indicating increased investor participation. However, despite these positive movements, the company has faced challenges, including a significant drop in net sales and profit before tax compared to previous quarters. Additionally, while the stock has a low debt-to-equity ratio and has shown healthy long-term growth in net sales and operating profit, it is considered to have an expensive valuation with a price-to-book value of 7.8.
In the broader market context, Zen Technologies has outperformed the Sensex in the short term, with a 1.30% increase over the past week compared to the benchmark's 1.13%. However, the stock has underperformed year-to-date, with a decline of 39.48% against the Sensex's gain of 3.29%. The decrease in institutional investor participation, which has fallen by 0.63% over the previous quarter, may also contribute to the stock's volatility, as these investors typically have more resources to analyze company fundamentals. Overall, while there are some positive indicators for Zen Technologies, the combination of declining sales and institutional interest suggests a complex outlook for the stock's future performance.