Why is ZRZ Bioenergy falling/rising?

As of 14-Jul, ZRZ Bioenergy Ltd is experiencing a price increase, currently at 413.00, reflecting a rise of 16.85 or 4.25%. The stock has shown strong performance today, opening with a gain of 5% and reaching an intraday high of Rs 415.95. It has outperformed its sector by 4.86% today, and its trading is above all major moving averages. Over the past year, the stock has generated a substantial return of 67.65%, significantly outperforming the BSE500 index in both the short and long term. However, the company faces challenges, including operating losses and a weak long-term fundamental strength, which could impact investor sentiment despite the recent price rise.
In the broader market context, ZRZ Bioenergy's short-term return of +5.09% over the past week stands in stark contrast to the Sensex, which has declined by 1.42% during the same period. This indicates that ZRZ Bioenergy is gaining traction among investors, likely due to its recent performance and rising investor participation, as evidenced by a significant increase in delivery volume. However, the company's high debt to EBITDA ratio and negative EBITDA present risks that could affect its long-term viability, suggesting that while the stock is currently rising, underlying financial issues may temper future growth.