Why is Zen Technologies falling/rising?

As of 22-Sep, Zen Technologies Ltd is currently priced at 1,607.45, reflecting an increase of 3.65 (0.23%). The stock has shown a strong performance recently, with a 7.48% increase over the past week and a 7.68% rise over the past month, significantly outperforming the Sensex, which only rose by 0.46% and 1.05% in the same periods. Today's trading saw the stock reach an intraday high of Rs 1,636.85, and it has outperformed its sector by 2.84%. However, the company faces challenges, including a decline in net sales and profit before tax compared to previous quarters, despite a healthy long-term growth in net sales and operating profit. The stock's valuation appears high with a price-to-book value of 8.5, and there has been a slight decrease in institutional investor participation.
Broader market context indicates that while Zen Technologies has performed well in the short term, it has a year-to-date decline of 34.27%, contrasting with the Sensex's gain of 5.15%. The stock's recent rise comes amid a broader downturn in the IT - Software sector, which has fallen by 2.6%. Despite the positive short-term returns, the overall performance over the year and the decrease in institutional investor stakes suggest caution. The stock's liquidity remains adequate for trading, but the mixed signals from financial metrics and investor sentiment may influence future price movements.