Why is IRM Energy falling/rising?

As of 22-Sep, IRM Energy Ltd is currently priced at 345.40, reflecting a decline of 14.45 or 4.02%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 7.97% during this period. Today, the stock reached an intraday low of Rs 342.85, indicating a significant loss of 4.72%. Additionally, the stock's performance has been weaker than its sector by 3.16%. While it has shown positive returns over the past week and month, with increases of 25.74% and 24.13% respectively, it has underperformed on a year-to-date basis with a decline of 0.73% compared to the Sensex's gain of 5.15%. There is no information available regarding positive or negative factors impacting the stock.
Broader Market Context: In the short term, IRM Energy's performance has significantly outpaced the Sensex, which only increased by 0.46% over the past week. However, the stock's recent decline suggests a shift in investor sentiment, as indicated by a 13.79% drop in delivery volume compared to the five-day average, reflecting falling investor participation. Despite trading above its moving averages, the liquidity remains adequate for trading, but the overall market context indicates that the stock is struggling to maintain momentum amidst broader market trends.