Why is IRM Energy falling/rising?

As of 15-Jul, IRM Energy Ltd's stock price is currently at 307.80, reflecting an increase of 4.0, or 1.32%. The stock has shown a positive trend today, outperforming its sector by 0.73% and reversing a decline after two consecutive days of falling prices. In the past week, the stock has gained 0.54%, while over the past month, it has risen by 5.41%. However, the stock has experienced significant declines over the longer term, with a year-to-date drop of 11.54% and a one-year return of -33.98%. Despite these challenges, the company has a low debt-to-equity ratio, which may provide some stability, but it has also reported negative results for the last five consecutive quarters, with a substantial decline in profits.
Broader market context indicates that while IRM Energy has shown some short-term resilience, it has underperformed against the Sensex, which has gained 1.79% over the past month. The stock's recent rise can be attributed to increased investor participation, as evidenced by a significant rise in delivery volume, which has increased by 565.2% compared to the five-day average. However, the overall sentiment remains cautious due to the company's poor long-term growth prospects and declining operating profits, which have fallen at an annual rate of -28.94% over the last five years. This combination of short-term gains amidst a backdrop of long-term challenges contributes to the stock's current price movement.