Why is Zen Technologies falling/rising?

As of 29-Sep, Zen Technologies Ltd is experiencing a decline in its stock price, currently at 1,427.05, which reflects a decrease of 74.35 or 4.95%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 11.15% over that period. Today's trading saw the stock reach an intraday low of Rs 1426.35, and it is trading below all key moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 33.49% compared to the five-day average. While the company has shown healthy long-term growth in net sales and operating profit, recent quarterly results indicate a sharp decline in net sales and profit before tax, contributing to a negative sentiment around the stock.
In the broader market context, Zen Technologies has underperformed the Sensex, which has only declined by 2.18% over the past week, while Zen's performance has been significantly worse. The stock's year-to-date performance shows a staggering decline of 41.64%, contrasting sharply with the Sensex's modest gain of 2.85%. Furthermore, institutional investors have reduced their stakes in the company, which may reflect a lack of confidence in its short-term prospects. This combination of poor recent performance, declining investor interest, and unfavorable quarterly results has led to a negative outlook for Zen Technologies, resulting in its current price decline.