Why is Zensar Tech. falling/rising?

As of 22-Aug, Zensar Technologies Ltd is experiencing a decline in its stock price, currently at Rs 792.70, which reflects a decrease of Rs 18.45 or 2.27%. The stock has underperformed its sector by 1.26% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 2.86%. Over the past week, the stock has decreased by 1.58%, while its performance over the last month shows a decline of 2.30%. Despite a positive year-to-date return of 5.69%, the stock's recent performance has been hindered by falling investor participation, as evidenced by an 8.51% drop in delivery volume compared to the five-day average. Additionally, while the stock is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages, indicating a short-term bearish trend.
In the broader market context, Zensar Technologies' recent performance contrasts with the Sensex, which has gained 0.88% over the past week. Although the stock has shown consistent returns over the last three years, outperforming the BSE500 annually, its current decline may be attributed to a combination of lower investor interest and a premium valuation compared to peers. The company's low debt-to-equity ratio and high institutional holdings suggest a stable financial position; however, the elevated PEG ratio of 26.7 indicates that the stock may be overvalued relative to its earnings growth. This combination of factors contributes to the stock's recent downward movement despite its historical performance.