Why is Veer Energy falling/rising?

As of 01-Jul, Veer Energy & Infrastructure Ltd is experiencing a decline in its stock price, currently at 18.17, reflecting a decrease of 0.32 or 1.73%. The stock has underperformed its sector by 1.54% today and has seen a trend reversal after five consecutive days of gains. Additionally, the stock's performance over the past month shows a significant decline of 7.53%, while year-to-date returns are down by 24.57%. The company is facing operational challenges, including negative EBITDA and weak long-term fundamental strength, with an average EBIT to Interest ratio of -1.69, indicating difficulties in servicing its debt. Furthermore, the stock's return on equity is low at 1.54%, and recent financial results have shown substantial losses, contributing to the stock's downward movement.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with the Sensex rising by 2.00% over the past week while Veer Energy only increased by 1.51%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 45.93% against the five-day average. The stock's liquidity remains adequate, but the overall sentiment appears negative due to its poor historical performance and the recent operational losses. The combination of these factors suggests a challenging environment for Veer Energy, leading to its current decline in stock price.