Why is IRM Energy falling/rising?

As of 06-Aug, IRM Energy Ltd is experiencing a decline in its stock price, currently at 270.00, which reflects a decrease of 6.1 or 2.21%. The stock has been underperforming, having lost 10.12% over the last three days, and it is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown significant negative returns over various periods, including a 22.40% decline year-to-date and a 39.87% drop over the past year. Although there has been a notable increase in investor participation, with delivery volume rising by 709.64% against the five-day average, the overall sentiment remains negative, contributing to the stock's recent downward movement.
In the broader market context, IRM Energy's performance has significantly lagged behind the Sensex, which has gained 3.08% year-to-date while IRM has lost 22.40%. Over the past week, the stock has declined by 8.51%, compared to a much smaller drop of 1.15% in the Sensex. This stark contrast highlights the stock's underperformance relative to the market, further exacerbated by the consecutive falls and the current trading below key moving averages. The lack of available positive factors in the dashboard suggests that there are no significant catalysts to reverse the negative trend, reinforcing the stock's struggles in the current market environment.