Why is Zensar Tech. falling/rising?

As of 06-Nov, Zensar Technologies Ltd is experiencing a decline in its stock price, currently at 703.75, which reflects a decrease of 32.25 or 4.38%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 12.33% over the past week. Today's trading saw the stock reach an intraday low of Rs 699.05, and it is trading below all key moving averages, indicating a bearish trend. Despite a significant increase in delivery volume by 134.43% on November 4, the overall performance remains weak, with the stock underperforming its sector by 4.47%. While the company has reported positive financial results, including record net sales and profit figures, the stock's year-to-date return is down 6.17%, contrasting with a 6.62% rise in the benchmark index.
In the broader market context, Zensar Technologies' short-term performance has been notably worse than the benchmark, with a 12.33% decline over the past week compared to a modest 1.30% drop in the Sensex. This underperformance highlights the stock's struggles relative to the market. Although the company maintains a low debt-to-equity ratio and high institutional holdings, which typically suggest stability and confidence from larger investors, the stock's recent price movements indicate a lack of investor sentiment supporting its valuation. The stock is trading at a premium compared to its peers, and despite a year-over-year profit increase of 8%, the negative sentiment reflected in the stock price suggests that investors may be cautious about its future performance.