Why is Zim Laboratories falling/rising?

As of 16-Jul, Zim Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 112.00, which reflects a decrease of Rs 2.9 or 2.52%. The stock has underperformed its sector by 2.25% today, reaching an intraday low of Rs 110.5, which is a drop of 3.83%. Additionally, the stock's performance over the past week shows a decline of 2.78%, while it has seen a modest increase of 5.85% over the past month. Despite a year-to-date return of 4.67%, the stock's profits have fallen by 29.5%, indicating underlying challenges despite its attractive valuation metrics, such as a return on capital employed (ROCE) of 6.5 and a favorable enterprise value to capital employed ratio of 1.8.
In the broader market context, the Sensex has declined by 1.08% over the past week, suggesting that the stock's short-term performance is worse than the benchmark. The stock's liquidity appears adequate, with a trading volume that is 2% of the five-day average, but there has been a significant drop in investor participation, with delivery volume falling by 45.08% against the five-day average. This decline in investor interest, coupled with the stock trading at a discount compared to its peers, may contribute to the current downward pressure on Zim Laboratories' stock price.