Why is Zen Technologies falling/rising?

As of 11-Sep, Zen Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,460.00, reflecting a decrease of Rs 48.7 or 3.23%. Today's price summary indicates that the stock underperformed its sector by 2.89%, with an intraday low of Rs 1,452, which is a drop of 3.76%. Despite a healthy long-term growth in net sales and operating profit, recent quarterly results show a significant decline in net sales and profit before tax, contributing to a negative sentiment around the stock. Additionally, institutional investors have reduced their stake, which may further impact market confidence.
In the broader market context, the stock's performance over the past week shows a decline of 0.92%, while the benchmark Sensex has increased by 1.03%. Year-to-date, Zen Technologies has underperformed significantly with a drop of 40.29%, contrasting with the Sensex's gain of 4.36%. This disparity highlights the challenges the company is facing compared to the overall market. The recent decrease in institutional participation suggests a lack of confidence among more sophisticated investors, which could be influencing the stock's downward trend.