Why is Zim Laboratories falling/rising?

As of 11-Aug, Zim Laboratories Ltd is experiencing a decline in its stock price, currently at Rs. 76.35, which reflects a decrease of Rs. 1.65 or 2.12%. The stock has hit a new 52-week low of Rs. 75.1 today and has underperformed its sector by 2.9%. Over the past week, the stock has fallen by 11.53%, and in the last month, it has seen a significant drop of 33.11%. Additionally, the stock has been on a downward trend for the last two days, with a total decline of 5.73%. The company has reported negative financial results for the past five consecutive quarters, with a notable fall in profits by 47.6%, which has contributed to the stock's poor performance.
In the broader market context, Zim Laboratories has consistently underperformed against the benchmark, with a return of -29.86% over the past year compared to a 1.13% gain in the Sensex. This underperformance is further highlighted by the stock's significant decline of 62.48% over the past three years, while the benchmark has increased by 35.85%. The weak long-term fundamentals, including a low Return on Capital Employed (ROCE) and declining net sales, indicate a challenging environment for the company, which has led to falling investor participation and liquidity issues. Overall, these factors contribute to a negative outlook for Zim Laboratories, reinforcing the stock's downward trajectory.