Why is Zen Technologies falling/rising?

As of 16-Oct, Zen Technologies Ltd is experiencing a decline in its stock price, currently at 1,349.10, which reflects a decrease of 17.85 points or 1.31%. The stock has underperformed its sector by 1.66% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 4.65%, and it has seen a significant decline of 44.83% year-to-date. Additionally, the company reported a drop in net sales by 35% compared to the previous four-quarter average, which, alongside a decrease in participation from institutional investors, has contributed to the negative sentiment surrounding the stock.
In the broader market context, while the Sensex has gained 1.58% over the past week, Zen Technologies has significantly lagged behind, indicating a stark contrast in performance. The stock's year-long return of -29.81% further emphasizes its underperformance compared to the market, which saw a modest decline of only 0.82%. The company's low debt-to-equity ratio and healthy long-term growth in net sales and operating profit are overshadowed by its high valuation metrics and declining sales figures, leading to a perception of it being a strong sell. The falling investor participation, particularly from institutional investors, suggests a lack of confidence in the stock's future performance, reinforcing the downward pressure on its price.