Why is Zenith Steel falling/rising?

As of 29-Aug, Zenith Steel Pipes & Industries Ltd is experiencing a decline in its stock price, currently at 7.55, reflecting a decrease of 0.19 or 2.45%. The stock has underperformed its sector by 1.56% today and has been on a downward trend, falling for the last two days with a total decline of 5.39%. Over the past week, the stock has decreased by 4.19%, and in the last month, it has dropped by 13.12%. The company has reported negative financial results, including a significant fall in net sales by 33.61% and a negative book value, indicating weak long-term fundamental strength. Additionally, the stock is trading below all its moving averages, which suggests a bearish trend.
In the broader market context, while the Sensex has seen a decline of 1.84% over the past week, Zenith Steel's performance has been notably worse, indicating a lack of investor confidence. The stock's year-to-date performance shows a decline of 5.98%, contrasting sharply with the Sensex's gain of 2.14%. This underperformance is compounded by the company's high debt levels and negative EBITDA, which contribute to its classification as a risky investment. Despite a rise in investor participation, as evidenced by a significant increase in delivery volume, the overall sentiment remains negative due to the company's poor financial health and consecutive quarters of negative results.