Why is ZR2 Bioenergy falling/rising?

As of 23-Oct, ZR2 Bioenergy Ltd's stock price is currently at 321.00, reflecting a decrease of 24.0 points or 6.96%. Today's price summary indicates that the stock opened significantly lower, down by 5.75%, and has experienced high volatility with an intraday range of Rs 76.95, reaching a high of Rs 380 and a low of Rs 303.05. The stock has underperformed its sector by 6.42% today and is trading below all key moving averages, indicating a bearish trend. Additionally, there has been a drastic decline in investor participation, with delivery volume plummeting by 99.18% compared to the five-day average, suggesting a lack of confidence among investors.
Broader market context shows that ZR2 Bioenergy's performance over the past week and month has been notably poor, with declines of 5.77% and 18.94%, respectively, while the benchmark Sensex has gained 1.30% and 2.99% in the same periods. Year-to-date, the stock is down 22.75%, contrasting sharply with the Sensex's increase of 8.21%. This underperformance relative to the benchmark highlights the challenges ZR2 Bioenergy is facing in the current market environment, further exacerbated by the lack of positive factors to counterbalance the negative sentiment surrounding the stock.