Why is Zota Health Care falling/rising?

As of 02-Jul, Zota Health Care Ltd's stock price is rising, currently at 1,121.00, reflecting an increase of 30.55 (2.8%). The stock has recently hit a new 52-week and all-time high of Rs.1149, indicating strong performance. It has outperformed its sector by 2.72% today and is trading above all key moving averages, which suggests positive momentum. Additionally, the stock has shown impressive returns over various periods, including a 39.93% increase year-to-date and a remarkable 93.78% rise over the past year. However, despite these gains, the company faces challenges, such as a significant decline in operating profits over the last five years and a negative EBITDA, which raises concerns about its long-term fundamental strength.
In the broader market context, Zota Health Care's short-term return of 17.40% over the past week significantly outpaces the Sensex's modest gain of 0.83%. This strong performance relative to the benchmark reflects investor confidence, bolstered by rising participation and liquidity in the stock. However, the company's weak ability to service its debt and low profitability per unit of shareholders' funds could pose risks moving forward. While the stock's recent performance is commendable, the underlying financial challenges may temper future investor enthusiasm.