Why is Zenith Exports falling/rising?

As of 18-Jul, Zenith Exports Ltd is currently priced at 238.00, reflecting a decrease of 2.0 (-0.83%). The stock has underperformed its sector by 0.3% today and has experienced consecutive declines over the last two days, resulting in a total drop of 4.61%. The stock reached an intraday low of Rs 234.2, indicating significant selling pressure. Additionally, it is trading below all its moving averages, which suggests a bearish trend. The company is facing operational challenges, including reported losses and a weak ability to service its debt, which is reflected in a poor EBIT to Interest ratio of -2.78. Furthermore, the stock has underperformed the market significantly over the past year, with a return of -27.37% compared to the broader market's negative return of -0.36%.
In the broader market context, while the Sensex has shown a slight positive return of 0.38% over the past month, Zenith Exports has declined by 6.72% in the same period. This stark contrast highlights the stock's struggles relative to the market. The company's weak long-term fundamental strength, indicated by negative EBITDA and a low debtors turnover ratio, adds to the risk perception among investors. Despite a rise in delivery volume, which suggests increased investor participation, the overall sentiment remains negative due to the company's financial difficulties and poor historical performance, leading to its current decline.