Why is Karma Energy Ltd falling/rising?

As of 06-Oct, Karma Energy Ltd is experiencing a decline in its stock price, currently at Rs 54.55, which represents a decrease of Rs 1.85 or 3.28%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total decline of 24.1% during this period. Today's trading saw the stock reach an intraday high of Rs 58.5 but ultimately closed lower, indicating high volatility with an intraday fluctuation of 5.98%. Additionally, the stock is trading below its moving averages across various timeframes, and there has been a notable drop in investor participation, with delivery volume plummeting by 94.67% compared to the five-day average.
In the broader market context, Karma Energy Ltd's performance over the past week shows a stark contrast to the Sensex, which has gained 1.77% during the same period. While the stock has shown a slight positive return of 2.96% over the past month, its year-to-date performance remains poor with a decline of 10.94%, compared to the Sensex's increase of 4.67%. This underperformance relative to the benchmark highlights the challenges facing Karma Energy Ltd, particularly in light of its recent volatility and falling investor interest.