Why is Zensar Tech. falling/rising?

As of 23-Jul, Zensar Technologies Ltd is experiencing a price increase, currently at 816.65, reflecting a rise of 5.25 or 0.65%. Today's price summary indicates that the stock touched an intraday low of Rs 787.8, which represents a decline of 2.91%. However, the stock's performance today is considered inline with its sector. Notably, the stock has shown a year-to-date return of 8.88% and a one-year return of 7.45%, outperforming the benchmark Sensex over these periods. The company has a low debt-to-equity ratio and reported strong financial results, including the highest net sales and dividends per share in the last fiscal year. Additionally, high institutional holdings at 35.08% suggest confidence from larger investors, which may positively influence retail investor sentiment.
In the broader market context, Zensar Technologies' short-term performance has been less favorable compared to the Sensex, which has gained 0.11% over the past week while Zensar has declined by 1.40%. Despite this recent underperformance, the stock's long-term returns, particularly over the last three years, have significantly outpaced the benchmark, with a remarkable 216.53% increase. This consistent performance, alongside rising investor participation and liquidity, indicates a strong underlying demand for the stock, contributing to its current upward price movement despite recent fluctuations.