Why is ZRZ Bioenergy falling/rising?

As of 21-Jul, ZRZ Bioenergy Ltd's stock price is currently at Rs 361.00, reflecting a decrease of Rs 19.00 or 5.0%. The stock has been on a downward trend, having underperformed its sector by 4.63% today and experiencing a consecutive decline over the last three days, with a total drop of 8.38%. The stock opened with a loss of 5% and reached an intraday low of Rs 361. In terms of performance, ZRZ Bioenergy has shown a decline of 12.59% over the past week and 6.25% over the past month, while it has generated a positive return of 20.59% over the last year. However, 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 contribute to the stock's recent decline.
In the broader market context, ZRZ Bioenergy's short-term performance has significantly lagged behind the Sensex, which has only decreased by 0.06% over the same one-week period. While the stock has outperformed the benchmark over the longer term, with a 554.58% increase over three years, its recent struggles highlight a disconnect between past performance and current market sentiment. The company's operating profit growth has been weak, and its high debt levels raise concerns among investors, leading to reduced participation in trading and contributing to the stock's falling price.