Why is Zenith Fibres falling/rising?

As of 01-Sep, Zenith Fibres Ltd is experiencing a decline in its stock price, currently at Rs 66.17, which represents a decrease of 2.27 or 3.32%. The stock has underperformed significantly, with a 1-week return of -3.40% and a 1-month return of -6.51%. Today's performance indicates that the stock is trading lower than all its moving averages, and it is only 3.26% away from its 52-week low. The company is facing operating losses and has a weak long-term fundamental strength, highlighted by a poor EBIT to Interest ratio of 0.26 and a low Return on Equity of 3.52%. Additionally, net sales have fallen by 25.5% compared to the previous quarter's average, and the stock has generated a return of -21.90% over the past year, indicating a consistent underperformance against benchmarks.
In the broader market context, the Sensex has shown a relatively stable performance with a 1-week return of -1.56% and a 1-month return of -0.29%, suggesting that the decline in Zenith Fibres' stock price is not solely due to market conditions but rather specific issues within the company. The stock's performance is particularly concerning given its negative EBITDA and the fact that it has underperformed the BSE500 in each of the last three annual periods. While there has been a rise in investor participation, as indicated by a 31.58% increase in delivery volume, the overall sentiment remains negative due to the company's financial struggles and lack of profitability.