Why is Zensar Tech. falling/rising?

As of 31-Jul, Zensar Technologies Ltd is currently priced at 810.45, reflecting a slight increase of 0.45 or 0.06%. The stock has outperformed its sector today by 0.66%, although it has shown a decline of 1.62% over the past week and 3.67% over the past month. Despite these short-term declines, Zensar has demonstrated strong long-term performance, with a year-to-date return of 8.05% and a remarkable 227.39% increase over the past three years. The stock's delivery volume has decreased significantly, falling by 53.59% compared to the five-day average, indicating a drop in investor participation. The company's low debt-to-equity ratio and high institutional holdings at 35.08% suggest a stable financial position, which may contribute positively to investor sentiment.
In the broader market context, Zensar's recent performance contrasts with the benchmark Sensex, which has declined by 1.22% over the past week and 3.00% over the past month. While Zensar has outperformed the Sensex year-to-date, the recent drop in delivery volume and the stock trading at a premium compared to its peers may raise concerns among investors. However, the company's consistent returns and strong fundamentals, such as a return on equity of 16 and a fair valuation, indicate a solid long-term outlook despite the recent fluctuations.