Why is Zenith Exports falling/rising?

As of 02-Sep, Zenith Exports Ltd is experiencing a significant rise in its stock price, currently at Rs 304.70, reflecting an increase of 27.7 points or 10.0%. The stock has shown strong performance today, outperforming its sector by 10.16% and has been on a consecutive gain streak for the last four days, accumulating a total return of 24.55% during this period. It opened with a notable gain of 8.47% and reached an intraday high of Rs 304.70. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. The recent financial results have also contributed positively, with a remarkable growth in profit after tax and operating profit margins, although there are concerns regarding long-term fundamental strength due to weak growth rates and negative EBITDA.
In the broader market context, Zenith Exports has significantly outperformed the benchmark Sensex, which has declined by 0.78% over the past week, while Zenith has surged by 24.55%. This stark contrast highlights the stock's strong performance relative to the market. Despite the positive short-term returns, the company faces challenges such as a low return on equity and weak long-term growth metrics, which could pose risks for future performance. Nonetheless, the current investor enthusiasm and rising participation suggest a favorable outlook in the short term, even as the company navigates its underlying financial difficulties.