Why is Zeal Aqua falling/rising?

As of 25-Aug, Zeal Aqua Ltd's stock price is currently at Rs 10.67, reflecting a decrease of Rs 0.22 or 2.02%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.47%. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 3.79%, and it has also shown a significant decline of 24.59% over the past year, which is starkly contrasted by the Sensex's positive return of 0.68% during the same period. Despite the company reporting positive results in the last four quarters, including a 48.71% growth in net sales, the stock's performance has been hindered by weak long-term fundamentals, such as a high Debt to EBITDA ratio and a low average Return on Capital Employed.
In the broader market context, Zeal Aqua's short-term performance has lagged behind the benchmark, with a 1-week return of -3.79% compared to the Sensex's gain of 0.45%. This underperformance is compounded by the stock's significant decline over the past year, which has resulted in a negative sentiment among investors. Although there has been a rise in investor participation, as indicated by a 106.19% increase in delivery volume, the overall market conditions and the company's financial challenges have led to a lack of confidence in the stock's future performance.