Why is Zenith Fibres falling/rising?

As of 03-Sep, Zenith Fibres Ltd is currently priced at 66.89, reflecting an increase of 0.63 or 0.95%. The stock has shown a slight upward movement over the last two days, gaining 1.09%. However, it remains 4.31% away from its 52-week low and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this recent uptick, the company faces significant challenges, including operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of 0.26. The stock has underperformed the benchmark BSE500 over the past year, with a return of -24.66%, and has consistently shown weak profitability, as evidenced by a low Return on Equity of 3.52%.
In the broader market context, Zenith Fibres' short-term performance has been slightly worse than the benchmark, with a 1-week return of -0.42% compared to the Sensex's -0.27%. The company has also experienced a notable decline in net sales, falling by 25.5% compared to the previous quarter's average, which raises concerns about its financial health. While there has been a rise in investor participation, as indicated by a significant increase in delivery volume, the overall sentiment remains cautious due to the company's ongoing operational challenges and consistent underperformance against market benchmarks over the last three years.