Why is SRM Energy Ltd falling/rising?

As of 27-Jun, SRM Energy Ltd's stock price is currently at 12.09, reflecting a decline of 0.31, or 2.5%. The company has underperformed significantly, with a 1-week return of -13.77% and a 1-month return of -23.19%, while the benchmark Sensex has gained 2.00% and 3.07% respectively in the same periods. Today's performance indicates that SRM Energy Ltd is trading below all its moving averages, which suggests a bearish trend. Additionally, despite a rise in delivery volume by 30.75% against the 5-day average, the stock's negative book value and high debt levels contribute to its weak long-term fundamental strength. The company has also reported flat results and a negative EBITDA, further complicating its financial outlook.
In the broader market context, SRM Energy Ltd has notably underperformed the market over the past year, generating a return of -23.67% compared to the BSE 500's positive return of 4.10%. This stark contrast highlights the stock's struggles amidst a generally favorable market environment. The company's stagnant net sales growth and high debt-to-equity ratio indicate significant financial risks, which have likely contributed to investor sentiment turning negative. Overall, the combination of poor performance metrics and unfavorable financial indicators has led to the stock's decline.