Why is IRM Energy falling/rising?

As of 02-Sep, IRM Energy Ltd is currently priced at 265.15, reflecting a slight increase of 0.15 (0.06%). Despite this minor uptick, the stock has underperformed its sector by 1.43% today and has shown a negative trend over the past month with a decline of 11.87%. The stock has been gaining for the last two days, rising by 0.51%, but it is trading below its moving averages across various time frames. Additionally, the company has a low debt-to-equity ratio, which is a positive factor; however, it faces significant challenges with a poor long-term growth outlook, as indicated by a -26.37% annual decline in operating profit over the last five years and a -39.05% return over the past year.
In the broader market context, the stock's performance has been notably weaker compared to the Sensex, which has seen a slight decline of 0.78% over the past week. The negative sentiment is further compounded by falling participation from institutional investors, who have reduced their stake by 1.03% in the last quarter. This suggests a lack of confidence in the stock's fundamentals, especially given its substantial profit decline of -47.8% over the past year. Overall, while there has been a minor increase in price recently, the underlying factors indicate a challenging environment for IRM Energy Ltd, leading to its overall underperformance in both the short and long term.