Why is IRM Energy falling/rising?

As of 27-Jun, IRM Energy Ltd's stock price is currently at 298.60, reflecting a decline of 2.15, or 0.71%. The stock has underperformed its sector today by 3.24% and has experienced a trend reversal after two consecutive days of gains. Despite a positive short-term performance, with a 4.11% increase over the past week and a 5.14% rise over the past month, the stock has shown significant long-term weakness, with a year-to-date decline of 14.18% and a staggering 33.87% drop over the past year. The company's financial health is concerning, as it has reported negative results for the last five consecutive quarters, with a 64.7% fall in PAT and a low operating profit margin. This poor performance, combined with a very expensive valuation indicated by a Price to Book Value of 1.3 and a low return on equity of 4.8, contributes to the stock's downward pressure.
In the broader market context, while the Sensex has gained 2.00% over the past week and 3.07% over the past month, IRM Energy's performance has lagged behind, particularly in the long term where it has underperformed the BSE 500 index over the last three years, one year, and three months. The gas transmission/marketing sector has seen a gain of 2.48%, indicating a favorable environment for peers, yet IRM Energy's struggles with declining profits and low growth prospects have led to a lack of investor confidence. The rising investor participation, as evidenced by a significant increase in delivery volume, suggests some interest, but it is overshadowed by the company's persistent financial challenges and negative growth trajectory.