Why is IRM Energy falling/rising?

As of 26-Jun, IRM Energy Ltd's stock price is currently at 300.75, reflecting an increase of 0.75, or 0.25%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 0.59% during this period. Despite this short-term gain, the stock has underperformed its sector by 0.7% today. Over the past week, IRM Energy has outperformed the benchmark Sensex, with a return of 6.12% compared to the Sensex's 2.94%. However, the company has faced significant challenges, including a poor long-term growth outlook, as evidenced by a -28.94% annual decline in operating profit over the last five years and negative results for the last five consecutive quarters. The stock's valuation appears expensive with a Price to Book Value of 1.3, and it has generated a return of -34.79% over the past year, while profits have fallen by -49%.
In the broader market context, while IRM Energy has shown some short-term resilience, it has significantly lagged behind the overall market performance, which has seen a return of 4.11% over the past year. The stock's recent gains may be attributed to rising investor participation, as indicated by a 212.31% increase in delivery volume compared to the five-day average. However, the company's low debt-to-equity ratio and majority ownership by promoters do not mitigate the negative sentiment stemming from its declining profitability and poor long-term growth prospects. Overall, despite the recent uptick in price, the underlying fundamentals suggest a challenging environment for IRM Energy, contributing to its overall underperformance relative to the market.