Why is Zim Laboratories falling/rising?

As of 12-Aug, Zim Laboratories Ltd is experiencing a slight increase in its stock price, currently at Rs 76.50, reflecting a change of 0.15 or 0.2% upward. Despite this minor uptick, the stock has shown a significant decline over the past month, with a decrease of 32.98%. The stock is currently trading close to its 52-week low, just 1.83% above Rs 75.1, and has been underperforming against the benchmark, with a 1-week return of -4.67% compared to the Sensex's -0.59%. Additionally, the stock has been trading below its moving averages across various time frames, indicating a bearish trend. The recent performance has also seen a drop in investor participation, with delivery volume falling by 63.73% against the 5-day average, suggesting reduced interest from traders.
In the broader market context, Zim Laboratories has consistently underperformed against the benchmark indices over the last three years, with a one-year return of -28.34% compared to the Sensex's modest gain of 0.74%. The company's fundamentals are weak, highlighted by a significant decline in net sales and profits, which fell by 12.3% and 47.6%, respectively, over the past year. Furthermore, the stock is trading at a discount compared to its peers, but the overall negative sentiment is compounded by the company's poor long-term growth prospects and negative quarterly results for the last five consecutive quarters. This combination of factors contributes to the stock's ongoing struggles in the market.