Why is Zeal Aqua falling/rising?

As of 02-Sep, Zeal Aqua Ltd's stock price is currently at Rs 9.99, reflecting a decrease of Rs 0.23 or 2.25%. The stock has been underperforming, as indicated by its performance today, where it lagged behind its sector by 8.97%. Additionally, it is trading lower than all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has declined by 5.58%, and it is now just 1.8% away from its 52-week low. Despite the company reporting positive results over the last four quarters, including a 48.71% growth in net sales and a 22.11% increase in profit after tax, the stock has still generated a negative return of 28.13% over the past year, indicating weak long-term fundamental strength.
In the broader market context, while the Sensex has shown a slight decline of 0.78% over the past week, Zeal Aqua's performance has been significantly worse. The stock's negative trajectory is compounded by a high debt to EBITDA ratio of 7.96 times, which raises concerns about its ability to service debt. Furthermore, the company has seen a substantial drop in investor participation, with delivery volume falling by nearly 49% against the 5-day average. This lack of interest, combined with the stock's underperformance relative to the benchmark indices over various periods, suggests that investors are cautious about the company's long-term prospects despite its recent positive financial results.