Why is Zensar Tech. falling/rising?

As of 29-Aug, Zensar Technologies Ltd's stock is currently priced at 768.50, reflecting a decline of 9.15 points or 1.18%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decrease of 4.65% during this period. It is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the stock has underperformed its sector by 0.5% today, and there has been a notable decrease in investor participation, with delivery volume dropping by 14.94% compared to the five-day average. Despite a year-to-date return of 2.46%, the stock has generated a modest return of -0.69% over the past year, while profits have only increased by 1.1%.
In the broader market context, Zensar Technologies' short-term performance has been worse than the benchmark, with a one-week return of -3.05% compared to the Sensex's -1.84%. This suggests that the stock is facing challenges relative to the overall market. Although the company maintains a low debt-to-equity ratio and high institutional holdings at 35.08%, which could provide some stability, the stock is trading at a premium compared to its peers and has a high PEG ratio of 25.9. These factors indicate that while there are some positive aspects, the recent price movement reflects a lack of confidence among investors, contributing to its current decline.