Why is Karma Energy Ltd falling/rising?

As of 18-Jul, Karma Energy Ltd's stock is currently priced at Rs 67.41, reflecting a decline of Rs 2.59 or 3.7%. The stock has underperformed its sector by 3% today and has experienced a consecutive fall over the last two days, resulting in a total drop of 4.96%. Over the past week, the stock has decreased by 8.84%, and its performance over the last month shows a significant decline of 15.91%. The company is 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 generated a return of -30.34% over the past year, significantly underperforming the broader market, which saw a decline of only 0.36%.
In the broader market context, while the Sensex has shown a slight increase of 0.38% over the past month, Karma Energy Ltd's stock has continued to decline, highlighting its struggles relative to the benchmark. The company's weak long-term fundamental strength, characterized by low profitability and negative operating profits, contributes to its current volatility and risk perception among investors. Despite a rise in investor participation, as indicated by a 158.35% increase in delivery volume, the overall sentiment remains cautious due to the company's flat sales results and poor return on equity.