Why is Zim Laboratories falling/rising?

As of 22-Jul, Zim Laboratories Ltd's stock is currently priced at 117.70, reflecting a decrease of 2.2, or 1.83%. The stock has underperformed its sector today by 0.92%, reaching an intraday low of Rs 116.5, which is a decline of 2.84%. Despite this, the stock has shown positive performance over the past week and month, with returns of 2.44% and 11.03%, respectively. However, the stock's recent performance is tempered by a significant drop in investor participation, with delivery volume falling by 74.91% against the 5-day average. Additionally, while Zim Laboratories has a relatively attractive valuation compared to its peers, its profits have decreased by 29.5% over the past year, which may contribute to the current downward pressure on the stock price.
In the broader market context, Zim Laboratories' short-term performance contrasts with the Sensex, which has seen a slight decline of 0.47% over the past week. Although Zim Laboratories has outperformed the benchmark in the short term, the overall sentiment may be affected by its declining profitability and reduced investor interest. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests a lack of confidence among investors, which could be influencing the stock's current downward trend.