Why is ZR2 Bioenergy falling/rising?

As of 17-Oct, ZR2 Bioenergy Ltd's stock price is currently at 346.50, reflecting an increase of 5.85 or 1.72%. The stock has shown a strong performance recently, gaining 16.08% over the past week, despite opening the day with a significant loss of 7.47%. Throughout the day, it experienced high volatility, trading within a wide range of Rs 97.4, with an intraday high of Rs 384.7 and a low of Rs 287.3. However, there has been a notable decline in investor participation, with delivery volume dropping by 98.4% compared to the 5-day average, which may indicate a lack of confidence among investors. Unfortunately, the Positive and Negative Dashboard data is not available to provide further insights into the factors influencing the stock's movement.
In the broader market context, ZR2 Bioenergy's short-term performance has significantly outpaced the benchmark, with a 1-week return of 16.08% compared to the Sensex's 1.76%. However, looking at the longer-term performance, the stock has underperformed the benchmark over the past month, year-to-date, and year, with declines of 13.35%, 16.62%, and 29.92%, respectively. This contrast highlights a recent rebound in the stock's price, which may be driven by short-term trading dynamics rather than a fundamental recovery, as indicated by its overall negative performance in longer periods.