Why is IRM Energy falling/rising?

As of 19-Sep, IRM Energy Ltd's stock price is currently at 356.00, reflecting a decrease of 19.3, or 5.14%. The stock has recently underperformed its sector by 5.21% and has experienced a trend reversal, falling after four consecutive days of gains. It touched an intraday low of Rs 346, which represents a decline of 7.81%. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, IRM Energy has shown a return of +29.93%, significantly outperforming the Sensex, which only increased by +0.88%. However, the company's long-term growth prospects appear poor, with an operating profit decline of -26.37% over the last five years and a significant drop in profits by -47.8% over the past year.
Broader Market Context: The stock's recent performance is in stark contrast to its longer-term returns, where it has generated a -21.40% return over the past year, underperforming the BSE500 index in each of the last three annual periods. Institutional investor participation has also decreased, with a -1.03% reduction in their stake, indicating a lack of confidence in the company's fundamentals. This consistent underperformance, coupled with a high valuation relative to peers and a low return on equity of 4.8%, suggests that investors may be cautious, contributing to the stock's current decline.