Why is Zenith Steel falling/rising?

As of 22-Jul, Zenith Steel Pipes & Industries Ltd is experiencing a decline in its stock price, currently at 8.42, which reflects a decrease of 0.18 or 2.09%. The stock has underperformed its sector today by 1.69% and has been on a consecutive downward trend for the last three days, resulting in a total decline of 4.54%. Despite trading above its moving averages for various periods, the stock's delivery volume has significantly decreased, falling by 79.73% compared to the five-day average. Additionally, the company has a negative book value and exhibits weak long-term fundamental strength, with poor growth in net sales and operating profit over the past five years. The recent financial results indicate a substantial drop in profit before tax and net sales, contributing to the stock's negative sentiment.
In the broader market context, while Zenith Steel has shown a positive return of 5.25% over the past week, it has underperformed the benchmark index, Sensex, which has declined by only 0.47% during the same period. Over the past year, the stock has generated a negative return of 17.77%, contrasting sharply with the Sensex's positive return of 2.09%. This underperformance highlights the stock's struggles in comparison to the overall market, further exacerbated by its high debt levels and negative EBITDA, making it a risky investment.