Why is Karma Energy Ltd falling/rising?

As of 01-Aug, Karma Energy Ltd is experiencing a decline in its stock price, currently at Rs 59.09, reflecting a decrease of 3.11 (-5.0%). The stock has been underperforming significantly, having lost 9.72% over the last three days and 20.78% over the past month. It opened with a loss of 2.57% today and reached an intraday low of Rs 59.09. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 66.1% against the five-day average. The company is facing operational challenges, including high debt levels and low profitability, which contribute to its weak long-term fundamentals.
In the broader market context, Karma Energy Ltd has underperformed compared to the benchmark Sensex, which has only declined by 1.06% over the past week, while Karma's stock fell by 9.76%. Over the past year, the stock has generated a return of -33.05%, significantly worse than the market's decline of -1.55%. This stark contrast highlights the company's struggles, including negative operating profits and a high Debt to EBITDA ratio, which further exacerbate its risk profile and investor sentiment.