Why is IRM Energy falling/rising?

As of 03-Jul, IRM Energy Ltd's stock price is currently at 311.25, reflecting a decline of 11.5 points or 3.56%. The stock has underperformed its sector today by 4.02%, having experienced a trend reversal after three consecutive days of gains. It reached an intraday low of Rs 310.05, indicating a significant drop of 3.93%. Over the past week, the stock has shown a positive return of 3.49%, but it has a year-to-date decline of 10.55% and a substantial one-year drop of 33.06%. The company has reported negative results for the last five consecutive quarters, with a significant decrease in profits and operating metrics, contributing to its poor long-term growth outlook.
In the broader market context, while the Sensex has gained 3.10% over the past month, IRM Energy's performance has been lackluster, with a one-year return of -33.06%, indicating a consistent underperformance compared to the benchmark. The stock's liquidity appears adequate, with a notable increase in delivery volume, suggesting some investor interest despite the negative financial indicators. Overall, the combination of declining profits, poor operating performance, and a high valuation relative to its return on equity has led to the stock's current downward movement.