Why is ZR2 Bioenergy falling/rising?

As of 30-Sep, ZR2 Bioenergy Ltd's stock price is currently at 369.00, reflecting an increase of 29.2, or 8.59%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It outperformed its sector by 9.18% and reached an intraday high of Rs 371.85. However, despite this short-term gain, the stock has underperformed over the past week and month, with returns of -6.82% and -4.43%, respectively. The company faces significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a low ability to service debt and a negative EBITDA. The stock's performance has been risky, especially given its substantial decline of -27.60% over the past year.
In the broader market context, while the BSE500 index has generated negative returns of -6.58% over the last year, ZR2 Bioenergy's decline has been more pronounced, highlighting its underperformance. The stock's recent rise may be attributed to increased investor participation, as evidenced by a 95.7% rise in delivery volume, but this does not negate the underlying financial weaknesses. The stock is currently trading below all its moving averages, indicating a bearish trend, and its long-term growth prospects remain poor, further complicating its market position.