Why is Zota Health Care falling/rising?

As of 13-Aug, Zota Health Care Ltd is experiencing a price increase, with its current price at Rs. 1,339.30, reflecting a change of 6.8 (0.51%) upward. The stock has recently hit a new 52-week and all-time high of Rs. 1,370, indicating strong performance. Over the past week, Zota Health Care has shown a return of +12.21%, significantly outperforming the Sensex, which only increased by +0.18%. The stock is trading above its moving averages across various time frames, and there has been a notable increase in investor participation, with delivery volume rising by 447.26% against the 5-day average. However, the stock has underperformed its sector by -0.77%. Positive factors contributing to its rise include strong quarterly results with record net sales and operating profit metrics, alongside consistent returns over the past three years. Conversely, concerns regarding long-term fundamental strength, including a high debt-to-EBITDA ratio and declining promoter confidence, may temper the stock's upward momentum.
In the broader market context, Zota Health Care's short-term performance has significantly outpaced the benchmark, as evidenced by its 1-week return of +12.21% compared to the Sensex's +0.18%. While the stock has shown impressive returns year-to-date (+67.18%) and over the past year (+105.30%), it is important to note that its profitability has been declining, with a negative EBITDA reported over the past year. This juxtaposition of strong short-term performance against long-term profitability concerns creates a complex picture for investors, as the stock's recent rise may not be fully supported by its underlying financial health.