Why is Zensar Tech. falling/rising?

As of 28-Aug, Zensar Technologies Ltd is experiencing a decline in its stock price, currently at Rs 777.65, reflecting a decrease of Rs 26.45 or 3.29%. The stock has underperformed its sector by 1.55% today and has been on a downward trend for the last two days, accumulating a total loss of 3.52%. Additionally, it has touched an intraday low of Rs 773.8. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite a year-to-date return of 3.68%, the stock has shown a slight decline of 0.17% over the past year, even as profits have increased by 1.1%. The company maintains a low debt-to-equity ratio and high institutional holdings at 35.08%, which suggests some stability; however, the stock is trading at a premium compared to its peers.
In the broader market context, Zensar Technologies has underperformed the Sensex, which has declined by 2.34% over the past week, while Zensar's return for the same period is a loss of 4.13%. This indicates that the stock is facing challenges that are more pronounced than those affecting the overall market. The falling investor participation, with a significant drop in delivery volume, further exacerbates the situation, signaling reduced interest among investors. While the company has some positive attributes, such as a fair valuation and rising profits, the current market dynamics and stock performance suggest a cautious outlook for Zensar Technologies.