Why is Karma Energy Ltd falling/rising?

As of 15-Jul, Karma Energy Ltd is experiencing a decline in its stock price, currently at Rs 69.50, which reflects a decrease of Rs 1.4 or 1.97%. The stock has underperformed its sector by 1.75% today and has been on a downward trend for the last two days, accumulating a total decline of 6.02%. Additionally, the stock opened with a significant loss of 4.58% today and reached an intraday low of Rs 67.65. Over the past week, the stock has decreased by 2.11%, and it has notably underperformed the broader market over the last year, with a return of -20.83% compared to the Sensex's gain of 2.36%. The company is facing challenges, including operating losses and a high Debt to EBITDA ratio of 3.35 times, indicating a weak long-term fundamental strength.
In the broader market context, while the Sensex has shown a slight decline of 1.36% over the past week, Karma Energy Ltd's performance has been significantly worse, highlighting its struggles relative to the benchmark. The stock's liquidity is also a concern, with a drastic drop in delivery volume by 96.86% against the 5-day average, suggesting falling investor participation. Furthermore, the company's flat results and negative operating profits contribute to its risky trading status, as evidenced by its low Return on Equity of 2.41% and a PEG ratio of 0.1. Overall, these factors indicate a challenging environment for Karma Energy Ltd, leading to its current price decline.