Why is ZR2 Bioenergy falling/rising?

As of 31-Oct, ZR2 Bioenergy Ltd is experiencing a decline in its stock price, currently at 338.00, which reflects a decrease of 1.0 or 0.29%. The stock has underperformed its sector by 1.19% today and reached an intraday low of Rs 301.1, marking a significant drop of 11.18%. Additionally, the stock has shown high volatility with an intraday volatility of 5.91% and has traded in a wide range of Rs 37.85. Over the past week, the stock has gained 3.47%, but it has seen a substantial decline of 9.83% over the past month and 18.66% year-to-date. The delivery volume has also fallen dramatically by 97.95% compared to the 5-day average, indicating a decrease in investor participation, which may contribute to the downward pressure on the stock.
In the broader market context, while ZR2 Bioenergy's recent performance has been negative, the benchmark Sensex has shown a slight decline of 0.32% over the past week and a positive return of 3.65% over the past month. This suggests that ZR2 Bioenergy is not only underperforming its sector but also lagging behind the overall market trends. The stark contrast in performance, particularly the significant year-to-date decline of 18.66% compared to the Sensex's gain of 7.42%, highlights the challenges faced by ZR2 Bioenergy in attracting investor confidence amidst a generally improving market environment.