Why is Karma Energy Ltd falling/rising?

As of 07-Aug, Karma Energy Ltd is experiencing a decline in its stock price, currently at 54.65, reflecting a decrease of 0.4, or 0.73%. The stock has been underperforming significantly, with a consecutive fall over the last seven days resulting in a total decline of 16.5%. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock's performance has also been poor over various periods, with a 12.14% drop over the past week and a 22.92% decline over the past month. Notably, investor participation has decreased sharply, with delivery volume plummeting by 98.08% compared to the five-day average, suggesting a lack of interest among investors.
In the broader market context, Karma Energy Ltd's recent performance contrasts sharply with the Sensex, which has only declined by 0.69% over the past week. While the stock has seen a significant drop in the short term, the benchmark has shown relative stability. Year-to-date, Karma Energy Ltd is down 10.78%, while the Sensex has gained 3.18%, further highlighting the stock's underperformance. This divergence indicates that the market sentiment towards Karma Energy Ltd is negative, contributing to its falling stock price amidst a generally more stable market environment.