Why is Zensar Tech. falling/rising?

As of 20-Aug, Zensar Technologies Ltd is experiencing a price increase, currently at 816.00, reflecting a rise of 12.1 or 1.51%. The stock has shown a positive trend over the last two days, gaining 2.26% in this period, although it underperformed its sector by 0.92%. The stock's performance over the past week is also favorable, with a return of 1.83%, while it has outperformed the benchmark Sensex over the year with a return of 3.15%. Despite this, the stock is trading at a premium compared to its peers, and its profits have only risen by 1.1% over the past year, indicating a fair valuation with a Price to Book Value of 4.6. The company maintains a low Debt to Equity ratio and has high institutional holdings at 35.08%, which may contribute positively to investor confidence.
Broader Market Context: In the context of the broader market, Zensar Technologies has outperformed the Sensex in the short term, with a 1.83% gain over the past week compared to the Sensex's 1.64%. However, the stock's performance over the last month shows a decline of 1.35%, while the Sensex has increased by 0.12%. The IT - Software sector has gained by 2.35%, indicating a generally positive environment for technology stocks, although Zensar's recent decline in delivery volume by 34.02% against the 5-day average suggests a potential decrease in investor participation. Overall, while the stock is rising currently, the mixed signals regarding its valuation and investor engagement may influence its future performance.