Why is ZR2 Bioenergy falling/rising?

As of 07-Oct, ZR2 Bioenergy Ltd is experiencing a decline in its stock price, currently at 323.10, which reflects a decrease of 21.45 or 6.23%. The stock has been underperforming, having lost 13.81% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown significant negative returns over various periods, including a 12.44% drop over the past week and a 22.25% decline year-to-date. While there has been a notable increase in investor participation, with delivery volume rising by 179.59% against the 5-day average, the overall sentiment remains negative, contributing to the stock's downward trend.
In the broader market context, ZR2 Bioenergy's recent performance contrasts sharply with the Sensex, which has gained 2.07% over the past week and 4.85% year-to-date. This stark difference highlights the stock's struggle to keep pace with the benchmark, indicating a lack of confidence among investors. The stock's liquidity appears sufficient for trading, but the persistent decline suggests that market participants are cautious, likely influenced by the stock's recent performance and broader market conditions.