Why is Karma Energy Ltd falling/rising?

As of 14-Jul, Karma Energy Ltd is experiencing a decline in its stock price, currently at Rs 70.90, which represents a decrease of Rs 3.05 or 4.12%. Today's price summary indicates that the stock underperformed its sector by 4.77%, opened with a loss of 2%, and reached an intraday low of Rs 70.90. The stock has shown high volatility today with an intraday volatility of 5.78%. Over the past week, the stock has remained flat, while in the last month, it has decreased by 14.29%. The company has been facing challenges, including operating losses and a high Debt to EBITDA ratio of 3.35 times, which indicates a low ability to service debt. Additionally, the stock has underperformed the market over the past year, generating negative returns of 15.20% compared to the benchmark's positive return of 0.26%.
In the broader market context, while the Sensex has shown a slight decline of 1.42% over the past week, Karma Energy Ltd's performance has been notably worse, contributing to its current downward trend. The company's weak long-term fundamental strength, characterized by low profitability and negative operating profits, has further exacerbated its stock price decline. Despite a rise in investor participation, as evidenced by a 73.55% increase in delivery volume on July 11, the overall sentiment remains cautious due to the company's flat sales results and the risk associated with its historical valuations.