Why is Zensar Tech. falling/rising?

As of 12-Nov, Zensar Technologies Ltd is experiencing a price increase, currently at Rs 743.00, reflecting a rise of 13.75 or 1.89%. The stock has shown a positive trend over the last three days, gaining 6.26% during this period. However, it has underperformed its sector by 0.28% today. In terms of returns, the stock has increased by 2.38% over the past year, but it has seen a decline of 6.80% over the last month. The company's strong performance is supported by high management efficiency, evidenced by a return on equity (ROE) of 15.86%, and positive quarterly results, including record net sales and profits. Despite trading at a premium compared to peers, the stock's low debt-to-equity ratio and high institutional holdings at 35.54% suggest a solid foundation for its recent gains.
Broader market context indicates that the stock's short-term performance is slightly lagging behind the benchmark Sensex, which has risen by 1.21% over the past week. While Zensar Technologies has shown a positive return over the last year, it has not kept pace with the broader market's 8.10% increase year-to-date. The IT sector, in which Zensar operates, has gained 2.15%, contributing to the overall positive sentiment in the market. However, a decline in investor participation, with delivery volume falling by 13.12% against the five-day average, may pose a concern for sustained momentum in the stock's price.