Why is Zenith Health falling/rising?

As of 01-Aug, Zenith Health Care Ltd's stock price is currently at Rs. 3.89, reflecting a decline of Rs. 0.13 or 3.23%. The stock has recently hit a new 52-week low of Rs. 3.80 and has been on a downward trend, experiencing a consecutive fall over the last three days with a total decline of 5.12%. In terms of performance, the stock has underperformed significantly, with a year-to-date return of -24.90% and a one-year return of -32.35%. The company has also shown weak long-term fundamental strength, with a negative compound annual growth rate (CAGR) of -9.71% in operating profits over the past five years and a poor EBIT to interest ratio of 0.08, indicating challenges in servicing its debt.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a one-week return of -6.27% compared to the Sensex's -1.06%. The pharmaceuticals and drugs sector, in which Zenith operates, has also seen a decline of -3.26%, contributing to the stock's struggles. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 57% against the five-day average, suggesting reduced interest in the stock. Overall, the combination of weak financial fundamentals, poor recent performance, and negative sector trends has led to the stock's decline.