Why is Zeal Aqua falling/rising?

As of 31-Jul, Zeal Aqua Ltd's stock price is currently at 10.99, reflecting a decrease of 0.09 or 0.81%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 1.43% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite the company reporting positive results over the last three quarters, including a 50.16% growth in PAT and a 49.05% increase in net sales, the stock has underperformed significantly over the past year, with a return of -27.22%. The high Debt to EBITDA ratio of 7.96 times raises concerns about the company's ability to service its debt, contributing to its weak long-term fundamental strength.
In the broader market context, Zeal Aqua's short-term performance has been worse than the benchmark, with a 1-week return of -1.70% compared to the Sensex's -1.22%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 65.24% against the 5-day average. The stock's liquidity remains adequate for trading, but the overall sentiment appears negative, as it has consistently lagged behind the BSE500 over various time frames, including the last three years and one year. The combination of declining stock performance, weak investor interest, and high debt levels suggests a challenging environment for Zeal Aqua Ltd.