Why is Zenith Exports falling/rising?

As of 19-Sep, Zenith Exports Ltd is experiencing a price increase, currently at Rs 288.00, reflecting a rise of 9.5 points or 3.41%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it reached an intraday high of Rs 288. Despite a low of Rs 271.6 earlier in the day, the stock is trading above its moving averages across various time frames. Over the past month, Zenith Exports has delivered a remarkable return of 21.78%, significantly outperforming the benchmark Sensex, which only rose by 1.20%. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 58.24% compared to the five-day average, indicating potential liquidity issues. Additionally, while the company has shown consistent returns over the last three years, it faces challenges such as weak long-term fundamental strength and a negative EBITDA, which could impact future performance.
In the broader market context, Zenith Exports' short-term performance has outpaced the Sensex, which is noteworthy given the stock's recent volatility. The stock's ability to outperform the sector by 3.87% today suggests a positive sentiment among investors, despite the underlying risks associated with its financial health. The company's recent positive results, including the highest operating profit to net sales ratio and consistent returns, have contributed to its current price movement. However, the weak return on equity and poor growth in net sales over the past five years raise concerns about its long-term sustainability, which investors should consider when evaluating the stock's future trajectory.