Why is Zenotech Lab. falling/rising?

As of 22-Aug, Zenotech Laboratories Ltd is experiencing a decline in its stock price, currently at 55.26, which reflects a decrease of 1.04 or 1.85%. The stock has underperformed its sector today by 2.19% and has fallen after four consecutive days of gains. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past month shows a significant decline of 10.87%, while year-to-date, it has dropped by 23.20%. The company has also seen a notable decrease in investor participation, with delivery volume falling by 48.26% against the 5-day average. Despite a strong ability to service debt with a low Debt to EBITDA ratio of 0.90 times, the company faces challenges, including poor long-term growth and negative financial results, such as a 41.76% drop in pre-tax profit.
In the broader market context, Zenotech Laboratories Ltd's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 0.88% over the past week. The stock's consistent underperformance is evident over the last three years, where it has generated negative returns of 14.15%, while the benchmark has seen a modest increase of 0.31% over the same period. The company's financial struggles, including a significant rise in raw material costs and a decline in net sales, further exacerbate its challenges, leading to a perception of it being a strong sell due to its expensive valuation compared to peers.