Why is Zenith Steel falling/rising?

As of 03-Nov, Zenith Steel Pipes & Industries Ltd is experiencing a decline in its stock price, currently at 8.77, reflecting a decrease of 0.23 or 2.56%. The stock has underperformed its sector by 2.7% today and has been on a consecutive downward trend for the last two days, resulting in a total return of -4.67% over the past year. Key indicators show that the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages but below its 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 33.22% compared to the 5-day average. The company has also reported negative financial results, including a 33.61% decline in net sales and a negative book value, indicating weak long-term fundamentals.
In the broader market context, Zenith Steel's short-term performance has been notably poor, with a 1-week return of -5.90%, while the benchmark Sensex has only declined by 0.94% during the same period. Despite a positive return of 23.87% over the past month, the stock's long-term outlook appears weak, as it has generated a return of -4.67% over the past year compared to the Sensex's gain of 5.34%. The company's high debt levels and negative EBITDA further contribute to its risk profile, making it a less attractive investment in the current market environment.