Why is Zen Technologies falling/rising?

As of 24-Sep, Zen Technologies Ltd is currently priced at 1,528.45, reflecting a decline of 74.35 points or 4.64%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.83% during this period. Today's trading saw the stock reach an intraday low of Rs 1523, and it has been noted that the volume traded was closer to this low price, indicating a lack of buying interest. Additionally, the stock has underperformed its sector by 3.98%. Over the past week, the stock has decreased by 0.99%, while it has shown a modest increase of 2.38% over the past month. However, year-to-date, it has significantly underperformed with a decline of 37.50%. The company's recent financial performance has raised concerns, particularly with a quarterly net sales drop of 35% compared to the previous four-quarter average and a substantial increase in interest expenses. Although the company has a low debt-to-equity ratio and has shown healthy long-term growth in net sales and operating profit, the recent negative financial indicators and falling participation from institutional investors have contributed to the stock's downward movement.
In the broader market context, Zen Technologies' short-term performance has been slightly better than the benchmark Sensex, which has declined by 1.18% over the past week. However, the stock's year-to-date performance starkly contrasts with the Sensex's gain of 4.58%, highlighting its struggles relative to the overall market. The decline in institutional investor participation, which has decreased by 0.63% in the last quarter, further underscores the stock's challenges, as these investors typically possess greater analytical resources. This combination of poor recent financial results, declining investor interest, and underperformance against both sector and market benchmarks has led to the stock's current downward trend.