Why is Zuari Agro Chem. falling/rising?

As of 30-Jun, Zuari Agro Chemicals Ltd's stock price is currently at 214.20, reflecting an increase of 3.15 or 1.49%. The stock has gained after two consecutive days of decline, reaching an intraday high of Rs 215.9. Despite this upward movement, the stock has underperformed its sector by 0.66%. Over the past week, it has shown a return of +4.56%, while its one-month return stands at +2.37%. However, the stock's performance over the past year is negative at -3.51%, despite a significant profit increase of 65.1%. The company has a very attractive valuation with a low PEG ratio of 0.1, but it also faces challenges such as high debt levels and weak long-term growth, which may be impacting investor sentiment.
In the broader market context, the Sensex has returned +2.09% over the past week, indicating that while Zuari Agro Chemicals has outperformed the benchmark in the short term, it has lagged behind in the longer term with a year-to-date return of +0.14% compared to the Sensex's +7.00%. The declining participation from institutional investors, who have reduced their stake by 1.18%, suggests a lack of confidence in the stock's long-term fundamentals. This is compounded by the company's poor quarterly results, which showed significant declines in profit before tax and net sales compared to previous averages. Overall, while the stock is experiencing a short-term rise, the underlying factors indicate potential concerns that may affect its future performance.