Why is IRM Energy falling/rising?

As of 09-Jul, IRM Energy Ltd's stock price is currently at 307.00, reflecting an increase of 0.85 (0.28%). Despite this slight uptick today, the stock has shown a negative trend over the past week, with a decline of 4.88%, and a year-to-date drop of 11.77%. The stock has underperformed significantly over the past year, with a return of -33.38%. However, today's performance indicates that it has outperformed its sector by 2.82%. The stock is currently trading above its 20-day, 50-day, and 100-day moving averages, although it remains below its 5-day and 200-day moving averages. The company has a low debt-to-equity ratio, which is a positive factor, but it has also reported negative results for the last five consecutive quarters, leading to concerns about its long-term growth potential.
In the broader market context, the Sensex has shown a slight increase of 0.15% over the past week, contrasting with IRM Energy's significant decline during the same period. While the gas transmission/marketing sector has experienced a downturn of 2.53%, the rising investor participation, indicated by a 73.79% increase in delivery volume, suggests some interest in the stock despite its poor long-term performance. The company's operating profit has decreased at an annual rate of -28.94% over the last five years, and its profitability metrics have also fallen sharply, with a return on equity of only 4.8%. This combination of factors contributes to a perception of the stock as having a very expensive valuation, which may deter long-term investors.