Why is Zensar Tech. falling/rising?

As of 18-Nov, Zensar Technologies Ltd is experiencing a decline in its stock price, currently at Rs 704.90, which reflects a decrease of Rs 19.15 or 2.64%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.99% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite reporting positive quarterly results with the highest net sales and profits, the stock's performance over the past month shows a significant drop of 9.94%, contrasting with the Sensex's gain of 0.86%. The falling investor participation, with a notable decrease in delivery volume, further exacerbates the stock's downward movement.
In the broader market context, Zensar Technologies' short-term performance has been notably weaker than the benchmark, as evidenced by its 1-week return of -3.34% compared to the Sensex's increase of 0.96%. While the company boasts high management efficiency and a low debt-to-equity ratio, the stock is trading at a premium relative to its peers, which may deter some investors. High institutional holdings at 35.54% suggest confidence from larger investors, yet the overall market sentiment appears to be affecting the stock negatively, leading to its current decline despite its historical performance over three and five years, which shows substantial growth compared to the benchmark.