Why is ZR2 Bioenergy falling/rising?

As of 10-Oct, ZR2 Bioenergy Ltd's stock is currently priced at 298.50, reflecting a decline of 18.3 points or 5.78%. The stock has been underperforming, having fallen consecutively for the last two days with a total return decrease of 7.67% during this period. Today's trading has shown significant volatility, with the stock reaching an intraday high of Rs 334.9 and a low of Rs 290, indicating a wide trading range of Rs 44.9. Additionally, ZR2 Bioenergy is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. While there has been a rise in delivery volume by 27.9% against the 5-day average, the overall sentiment appears negative, contributing to the stock's recent decline.
In the broader market context, ZR2 Bioenergy's performance has significantly lagged behind the benchmark Sensex, with a 1-week return of -17.24% compared to the Sensex's gain of +1.59%. Over the past month, the stock has dropped 27.19%, while the Sensex has only increased by 1.32%. Year-to-date, ZR2 Bioenergy has seen a decline of 28.17%, contrasting sharply with the Sensex's positive return of 5.58%. This stark difference in performance highlights the challenges ZR2 Bioenergy faces in the current market environment, further exacerbating investor concerns and contributing to the stock's downward trajectory.