Why is ZRZ Bioenergy falling/rising?

As of 08-Jul, ZRZ Bioenergy Ltd is experiencing a price increase, currently at Rs 410.00, reflecting a rise of 17.0 points or 4.33%. The stock has shown a positive performance today, outperforming its sector by 4.91% and achieving a consecutive gain over the last two days with a total return of 9.46%. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, despite a significant 75.97% return over the past year, the company faces challenges such as operating losses and a negative EBITDA, which could impact long-term investor confidence.
In the broader market context, ZRZ Bioenergy's short-term performance of -1.19% over the past week contrasts with the Sensex, which has remained relatively flat with a change of +0.02%. While the stock has outperformed the benchmark over longer periods, including a remarkable 659.26% increase over three years, its recent struggles with profitability and high debt levels raise concerns. The company's weak long-term fundamental strength, highlighted by a low ability to service debt and flat operating profit growth, suggests that while the stock may be rising in the short term, underlying financial issues could pose risks moving forward.