Why is Zota Health Care falling/rising?

As of 12-Sep, Zota Health Care Ltd's stock price is currently at 1,522.40, reflecting an increase of 9.1 (0.6%). The stock has recently hit a new 52-week and all-time high of Rs.1549, indicating strong upward momentum. It has outperformed its sector by 0.31% today and is trading above all key moving averages, suggesting positive short-term trends. Over the past week, the stock has risen by 13.23%, and it has shown remarkable growth of 90.04% year-to-date and 124.11% over the past year. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly by 62.27% compared to the 5-day average. While the company reported positive results in net sales and operating profit, it also faces challenges such as weak long-term fundamental strength and a high debt-to-EBITDA ratio, which may impact investor confidence.
In the broader market context, Zota Health Care's recent performance stands in stark contrast to the Sensex, which has only increased by 1.51% over the past week and 6.21% year-to-date. This significant outperformance highlights the stock's strong appeal among investors despite underlying risks. The stock's impressive returns over the last three years, coupled with consistent annual outperformance against the BSE500, suggest a favorable market perception. However, the reduction in promoter stake and the negative EBITDA trend raise caution about the company's long-term viability, which could temper future price movements.