Why is IRM Energy falling/rising?

As of 04-Jul, IRM Energy Ltd's stock price is currently at 314.10, reflecting an increase of 2.85 (0.92%). The stock has shown a positive performance today, outperforming its sector by 0.44%, and reached an intraday high of Rs 318.75, which is a 2.41% increase. Over the past week, the stock has gained 5.19%, while it has increased by 3.66% over the last month. However, the company has faced significant challenges, including a poor long-term growth outlook with an annual operating profit decline of 28.94% over the past five years and negative results for the last five consecutive quarters. This has contributed to a substantial year-to-date decline of 9.73% and a one-year return of -32.98%, indicating that despite the recent uptick, the stock's overall performance remains concerning.
In the broader market context, while IRM Energy's short-term performance has been positive, it has underperformed relative to the Sensex, which has gained 3.01% over the past month. The stock's liquidity appears adequate, with a delivery volume increase of 126.96% against the five-day average, suggesting rising investor participation. However, the company's low return on equity of 4.8 and high price-to-book value of 1.4 indicate an expensive valuation, which may deter long-term investors. Overall, while there are some positive short-term indicators, the persistent negative financial results and poor long-term growth prospects continue to weigh heavily on the stock's performance.