Why is IRM Energy falling/rising?

As of 10-Jul, IRM Energy Ltd is currently priced at 308.00, reflecting an increase of 1.0 (0.33%). The stock has shown a positive trend recently, gaining for the last two days with a total return of 0.6% during this period. It has outperformed its sector by 0.53% today, and there has been a notable increase in investor participation, with delivery volume rising by 98.38% compared to the 5-day average. However, the stock has underperformed over longer periods, with a year-to-date return of -11.48% and a one-year return of -32.35%. The company has been facing challenges, including a significant decline in operating profit over the last five years and negative results for the last five consecutive quarters, which may weigh on investor sentiment despite the recent uptick in price.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has declined by 1.04% over the past week while the Sensex has only decreased by 0.06%. This indicates that while IRM Energy has experienced a slight rise recently, it still lags behind the overall market performance. The company's low debt-to-equity ratio and majority ownership by promoters may provide some stability, but the poor long-term growth prospects and declining profits suggest caution for investors. Overall, the stock's recent price movement appears to be a temporary rebound amidst a backdrop of ongoing financial struggles and underperformance relative to broader market indices.