Why is Veer Energy falling/rising?

As of 08-Jul, Veer Energy & Infrastructure Ltd is experiencing a slight increase in its stock price, currently at 17.82, with a change of 0.09, representing a 0.51% rise. However, the stock has been underperforming, as indicated by its performance today, which fell short of the sector by 0.25%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 40.35% compared to the 5-day average. Over the past year, the stock has generated a return of -15.10%, which is considerably lower than the benchmark's return of 1.98%. The company's financial health is concerning, with operating losses and a weak ability to service its debt, reflected in a negative EBIT to Interest ratio of -1.69.
In the broader market context, while the Sensex has shown a modest gain of 0.02% over the past week, Veer Energy's stock has declined by 1.93% during the same period. This underperformance is further highlighted by the company's weak long-term fundamentals, including a low return on equity of 1.54% and negative EBITDA, indicating that it is trading at risky valuations compared to historical averages. The majority of shareholders are non-institutional, which may contribute to the stock's volatility. Overall, despite a minor uptick in price, the underlying factors suggest a challenging environment for Veer Energy, leading to its continued decline in value relative to the market.