Why is Zenith Exports falling/rising?

As of 01-Sep, Zenith Exports Ltd is experiencing a significant rise in its stock price, currently at Rs 277.00, reflecting an increase of Rs 26.0 or 10.36%. The stock has shown strong performance today, outperforming its sector by 7.84%, and has been on a consecutive gain streak for the last three days, accumulating a total return of 13.22% during this period. It opened with a gap up of 3.59% and reached an intraday high of Rs 277. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, positive financial results reported on June 25, including a remarkable 441.1% growth in PAT and the highest operating profit to net sales ratio, have contributed to the stock's upward momentum, despite concerns regarding its long-term fundamental strength and negative EBITDA.
In the broader market context, Zenith Exports has outperformed the Sensex significantly over the past week and month, with returns of 12.83% and 23.28%, respectively, while the Sensex has declined by 1.56% and 0.29% during the same periods. This strong relative performance highlights investor confidence in Zenith Exports amidst a generally weak market environment. However, it is important to note that the company has shown weak long-term growth metrics, with an average return on equity of only 0.73% and declining profits over the past year, which may pose risks for future performance.