Why is Zensar Tech. falling/rising?

As of 01-Aug, Zensar Technologies Ltd is experiencing a decline in its stock price, currently at Rs 792.75, which reflects a decrease of Rs 17.7 or 2.18%. Today's price summary indicates that the stock underperformed its sector by 0.58%, with an intraday low of Rs 785.45, marking a drop of 3.08%. Over the past week, the stock has seen a slight decline of 0.33%, and over the past month, it has fallen by 5.78%. Despite these recent downturns, the company has shown consistent returns over the last three years, with a significant increase of 216.97% compared to the benchmark. The stock's low Debt to Equity ratio and high institutional holdings suggest a stable financial position, but it is currently trading at a premium compared to its peers, which may be affecting investor sentiment.
In the broader market context, Zensar Technologies has outperformed the Sensex over the long term, generating a 5.69% return year-to-date compared to the benchmark's 3.15%. However, in the short term, the stock's performance has been weaker than the market, as indicated by its recent declines. The stock's liquidity remains adequate, with a delivery volume increase of 10.38% against the five-day average, suggesting some investor interest despite the price drop. Overall, while Zensar Technologies has shown strong historical performance and fundamentals, the recent price decline may be attributed to short-term market pressures and its premium valuation relative to peers.