Why is Zenith Steel falling/rising?

As of 14-Jul, Zenith Steel Pipes & Industries Ltd is experiencing a decline in its stock price, currently at 7.86, which reflects a decrease of 0.09 or 1.13%. The stock has underperformed its sector by 1.1% today and has been on a downward trend for the last two days, accumulating a total loss of 1.87%. Over the past week, the stock has seen a slight decline of 0.25%, and its performance over the last month shows a significant drop of 10.78%. The company is facing challenges, including a negative book value and weak long-term fundamentals, with net sales growing at only 3.27% annually over the past five years. Additionally, the stock's delivery volume has decreased by 63.02% compared to its five-day average, indicating falling investor participation.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has gained 1.40% over the past month while Zenith Steel has declined by 10.78%. This underperformance is further highlighted by the stock's year-to-date return of -2.12% compared to the Sensex's 5.27%. The company's high debt levels and negative EBITDA contribute to its risky valuation, which has led to a significant underperformance of -34.17% over the past year against the market's modest return of 0.26%. Overall, these factors indicate a challenging environment for Zenith Steel, contributing to its current stock price decline.