Why is ZR2 Bioenergy falling/rising?

As of 06-October, ZR2 Bioenergy Ltd is experiencing a decline in its stock price, currently at 349.90, which reflects a decrease of 10.8 points or 2.99%. The stock has been underperforming, having lost 6.66% over the past two days and opening with a loss of 2.88% today. It has also traded within a wide range of Rs 43.1, reaching a high of Rs 374.9 and a low of Rs 331.8. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 3.19% on October 3, the overall sentiment appears negative, contributing to the stock's recent downward movement.
In the broader market context, ZR2 Bioenergy's short-term performance over the past week shows a gain of 2.97%, which is significantly better than the Sensex's increase of 1.77%. However, over the past month, the stock has declined by 10.53%, contrasting sharply with the Sensex's modest gain of 1.34%. Year-to-date, ZR2 Bioenergy has fallen by 15.80%, while the Sensex has risen by 4.67%. This disparity highlights the stock's struggles relative to the broader market, further emphasizing the challenges it faces in maintaining investor confidence amidst high volatility and recent price declines.