Why is SRM Energy Ltd falling/rising?

As of 31-Jul, SRM Energy Ltd's stock price is currently at 12.38, reflecting a decrease of 0.25, or 1.98%. The stock has been on a downward trend, having fallen for the last 13 consecutive days, resulting in a total decline of 21.3% during this period. In terms of performance against benchmarks, the stock has underperformed significantly, with a one-week return of -7.75% compared to the Sensex's -1.22%, and a one-year return of -32.42% against the BSE500's -3.20%. The company's financial health is concerning, as it has a negative book value, weak long-term growth, and high debt levels, which contribute to its weak performance.
In the broader market context, the textile sector, in which SRM Energy operates, has also experienced a decline of 2.33%, indicating sector-wide challenges. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 15.54% against the five-day average, suggesting reduced interest in the stock. Despite outperforming its sector by 0.37% today, the overall negative sentiment surrounding the company's financial fundamentals and the broader market conditions have led to the stock's continued decline.