Why is ZR2 Bioenergy falling/rising?

As of 15-Oct, ZR2 Bioenergy Ltd's stock price is currently at 330.00, reflecting an increase of 12.35, or 3.89%. The stock has shown a positive trend recently, gaining for the last three days and achieving a total return of 10.55% during this period. However, it opened the day with a significant loss of 7.48% and experienced a wide trading range of Rs 48, with an intraday high of Rs 340 and a low of Rs 292. Despite the recent gains, the stock's performance over the past month and year has been negative, with declines of 20.04% and 35.89%, respectively. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 48.94% against the five-day average, indicating potential concerns among investors.
Broader market context shows that ZR2 Bioenergy's short-term performance has outpaced the Sensex, with a 1-week return of 2.07% compared to the benchmark's 1.02%. However, the stock's year-to-date performance is significantly lagging behind the Sensex, which has gained 5.72% while ZR2 Bioenergy has declined by 20.59%. This contrast highlights the stock's volatility and the challenges it faces in maintaining investor confidence amidst broader market trends. The high volatility observed today, with an intraday volatility of 7.59%, further underscores the stock's unpredictable nature in the current trading environment.