Why is ZRZ Bioenergy falling/rising?

As of 10-Jul, ZRZ Bioenergy Ltd's stock price is rising, currently at 417.00, reflecting an increase of 9.0 or 2.21%. The stock has shown strong performance today, outperforming its sector by 3.57% and opening with a gain of 4.75%. It reached an intraday high of Rs 427.4, and it is trading above all key moving averages, indicating positive momentum. Over the past year, the stock has generated a remarkable return of 76.06%, significantly outperforming the BSE500 index. However, despite these positive indicators, the company faces challenges such as operating losses and a weak long-term fundamental strength, with a low ability to service debt and a negative EBITDA, which could pose risks to its future performance.
In the broader market context, ZRZ Bioenergy's short-term return of +11.33% over the past week stands in stark contrast to the Sensex, which has remained nearly flat at -0.06%. This indicates that the stock is gaining traction among investors despite the overall market conditions. The company has demonstrated market-beating performance in both the long term and near term, which may be attracting investor interest. However, the underlying issues related to its financial health, including poor growth in operating profit and a high debt-to-EBITDA ratio, suggest that while the stock is currently rising, it may still carry significant risks that could affect its sustainability in the future.