Why is Zenith Steel falling/rising?

As of 04-Jul, Zenith Steel Pipes & Industries Ltd is experiencing a decline in its stock price, currently at 7.93, which reflects a decrease of 0.08 or 1.0%. The stock has underperformed its sector today by 0.36%, and its delivery volume has significantly dropped by 57.4% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 5.82%, while it has shown a modest increase of 14.76% over the past month. However, its long-term performance remains concerning, with a staggering 46.13% decline over the past year. The company is facing challenges such as a negative book value, high debt levels, and poor growth in net sales and operating profit, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 0.74% over the past week. While Zenith Steel has shown some recovery in the short term with a 14.76% increase in the last month, it still lags behind the benchmark's 3.01% gain. The company's negative earnings before interest, taxes, depreciation, and amortization (EBITDA) and the significant drop in profit before tax and net sales further highlight its struggles in both the near and long term. Overall, the combination of weak financial fundamentals and declining investor interest is driving the stock's downward movement.