Why is IRM Energy falling/rising?

As of 28-Aug, IRM Energy Ltd's stock price is currently at 265.70, reflecting a decrease of 2.3, or 0.86%. The stock has been underperforming, having lost 5.06% over the last five days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 4.94%, and it has also shown a significant drop of 23.64% year-to-date. The company's operating profit has decreased at an annual rate of 26.37% over the last five years, and its profits have fallen by 47.8% in the past year, contributing to a negative sentiment among investors. Additionally, institutional investors have reduced their stakes by 1.03%, indicating a lack of confidence in the stock's future performance.
In the broader market context, the Sensex has experienced a decline of 2.34% over the past week, which is less severe than IRM Energy's 4.94% drop, suggesting that the stock is underperforming relative to the market. The company's poor long-term growth prospects, coupled with flat results in recent financial reports, have likely contributed to its declining stock price. Furthermore, the stock's high valuation compared to its peers, along with a low return on equity of 4.8, raises concerns about its attractiveness to investors. Overall, the combination of weak financial performance, falling institutional interest, and significant underperformance relative to the benchmark has led to the stock's downward trend.