Why is Zeal Aqua falling/rising?

As of 23-Jun, Zeal Aqua Ltd's stock price is currently at 11.02, reflecting a decrease of 0.21, or 1.87%. The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 48.27% compared to the 5-day average. Over the past week, the stock has declined by 5.08%, and it has underperformed the benchmark Sensex, which has seen a slight increase of 0.12%. Despite the company reporting positive results in the last three consecutive quarters, including a 49.05% growth in net sales, the stock's performance has been lackluster, with a year-to-date return of -15.94%.
In the broader market context, Zeal Aqua's recent performance contrasts sharply with the Sensex, which has gained 4.81% year-to-date. The stock's negative returns over the past year and its high debt-to-EBITDA ratio of 7.96 times raise concerns about its long-term fundamental strength. While the company has shown profit growth of 45.6% over the past year, the average return on capital employed remains low at 5.71%, suggesting challenges in servicing debt and overall financial health. This combination of weak short-term performance, declining investor interest, and fundamental weaknesses contributes to the stock's downward movement.