Why is Zenith Steel falling/rising?

As of 30-Jun, Zenith Steel Pipes & Industries Ltd is experiencing a decline in its stock price, currently at 8.36, reflecting a decrease of 0.06 or 0.71%. The stock has underperformed its sector today, with a consecutive fall over the last three days resulting in a total decline of 5.32%. In the past week, the stock has dropped by 5.54%, while it has shown a modest gain of 21.16% over the past month. However, it has significantly underperformed over the last year, with a return of -31.08% compared to the Sensex's positive return of 5.79%. The company is facing challenges, including a negative book value and weak long-term growth, with net sales growing at only 3.27% annually. Additionally, the stock has a high debt-to-equity ratio and has reported negative earnings before interest, taxes, depreciation, and amortization (EBITDA), indicating a risky investment.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the market significantly over the past year, while the BSE 500 index has generated returns of 3.95%. The falling investor participation, evidenced by an 80.17% drop in delivery volume, further highlights the lack of confidence among investors. Despite the stock being liquid enough for trading, the overall sentiment remains negative due to the company's poor financial performance and high debt levels, which contribute to its current downward trajectory.