Why is ZRZ Bioenergy falling/rising?

As of 28-Jul, ZRZ Bioenergy Ltd's stock price is currently at 418.00, reflecting an increase of 8.1 (1.98%). The stock has shown strong performance recently, gaining 15.79% over the past week and 10.28% over the last month, significantly outperforming the Sensex, which has declined by 1.59% and 3.77% respectively during those periods. Despite opening lower today with a loss of 6.78%, the stock reached an intraday high of Rs 419, indicating volatility but overall positive momentum. The increase in promoter holding to 70.56% this quarter and the stock's long-term outperformance in returns further support its upward movement, although concerns about operating losses and a high Debt to EBITDA ratio suggest underlying weaknesses.
In the broader market context, ZRZ Bioenergy's recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex in both the short-term and long-term returns. While the stock has generated a return of 15.97% over the past year, the Sensex has only managed a slight decline of 0.54%. However, the company's weak long-term fundamentals, including a negative EBITDA and low ability to service debt, introduce risk factors that could affect future performance. Despite these challenges, the stock's current liquidity and positive short-term trends indicate a resilient position in the market.