Why is IRM Energy falling/rising?

As of 25-Jun, IRM Energy Ltd's stock price is currently at 300.00, reflecting an increase of 1.0 (0.33%). The stock has shown a positive performance today, touching an intraday high of Rs 306.55, which is a rise of 2.53%. Over the past week, the stock has increased by 4.17%, and over the past month, it has risen by 7.55%. However, despite these short-term gains, the company has faced significant challenges, including a poor long-term growth outlook with an annual operating profit decline of -28.94% over the last five years. The company has also reported negative results for the last five consecutive quarters, with a notable drop in profit after tax and operating profit margins. This combination of short-term gains against a backdrop of long-term underperformance and negative financial results contributes to a complex picture for investors.
In the broader market context, while the stock has performed well in the short term compared to its recent benchmarks, it has significantly underperformed over the past year, generating a return of -35.32% compared to the BSE 500's positive return of 3.43%. This stark contrast highlights the stock's struggles despite recent investor interest, as indicated by a substantial increase in delivery volume. The company's low debt-to-equity ratio may provide some comfort, but the overall valuation remains high given its low return on equity of 4.8 and a price-to-book value of 1.3. Thus, while there are signs of rising investor participation, the long-term financial health of IRM Energy Ltd raises concerns, leading to a cautious outlook for the stock.