Why is Veer Energy falling/rising?

As of 02-Jul, Veer Energy & Infrastructure Ltd is experiencing a decline in its stock price, currently at 17.80, reflecting a decrease of 0.37 or 2.04%. The stock has underperformed its sector today by 1.77% and has been on a downward trend for the last two days, accumulating a total loss of 3.73%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company's delivery volume has also seen a significant drop of 80.31% compared to the 5-day average, suggesting reduced investor interest. Financially, the company is facing challenges with operating losses and a weak ability to service its debt, as indicated by a negative EBIT to Interest ratio of -1.69 and a low Return on Equity of 1.54%. These factors contribute to the stock's poor performance, which has seen a decline of 26.11% year-to-date and 16.98% over the past year.
In the broader market context, while the Sensex has shown a positive return of 0.79% over the past week and 2.50% over the past month, Veer Energy's performance has been notably weak, with a 1-week return of -0.56% and a 1-month return of -8.58%. This stark contrast highlights the stock's underperformance relative to the benchmark, further emphasizing its struggles in both short-term and long-term performance metrics. The company's flat results in recent quarters, coupled with a significant drop in profitability, indicate a concerning outlook that has likely influenced investor sentiment negatively, leading to the current decline in stock price.