Why is ZRZ Bioenergy falling/rising?

As of 09-Jul, ZRZ Bioenergy Ltd is experiencing a decline in its stock price, currently at 408.00, down by 2.0 points or 0.49%. Today's price summary indicates that the stock has underperformed its sector by 0.47% and opened with a loss of 2.45%. After three consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 389.5, which represents a 5% drop. Despite trading above its moving averages, the stock has seen a significant decrease in investor participation, with delivery volume falling by 73.07% compared to the five-day average. While the stock has generated a remarkable 72.19% return over the past year, it is important to note that the company is facing operating losses and has a weak long-term fundamental strength, which may contribute to the recent price decline.
In the broader market context, ZRZ Bioenergy's short-term performance over the past week shows a gain of 3.49%, significantly outperforming the Sensex, which only increased by 0.15%. However, the stock's performance over the last month is negative at -2.39%, contrasting with the Sensex's positive return of 1.32%. This discrepancy highlights the stock's volatility and potential investor concerns regarding its financial health, particularly given its negative EBITDA and high debt-to-EBITDA ratio. Overall, while ZRZ Bioenergy has shown strong long-term performance, the current operational challenges and declining investor interest are likely influencing its recent stock price movement.