Why is Zenith Health falling/rising?

As of 28-Aug, Zenith Health Care Ltd's stock price is currently at 4.33, reflecting a decrease of 0.15, or 3.35%. The stock has recently underperformed its sector by 2.51% and has experienced a trend reversal, falling after two consecutive days of gains. Despite a notable increase in delivery volume, which rose by 502% against the 5-day average, the stock's performance remains concerning with a year-to-date return of -16.41% and a one-year return of -31.92%. The company is facing significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of 0. Additionally, the stock's profitability is low, with a return on equity averaging only 5.88%, contributing to its recent decline.
In the broader market context, while Zenith Health has shown a positive return of 11.89% over the past week, the benchmark Sensex has declined by 2.34%, indicating a relative outperformance in the short term. However, this short-term gain is overshadowed by the stock's long-term underperformance compared to the BSE500 over the past three years, one year, and three months. The stock's risk profile is also elevated due to negative EBITDA and a significant drop in profits over the past year, which further complicates its outlook. Overall, the combination of weak fundamentals and poor long-term performance contributes to the stock's current downward movement.