Why is Veer Energy falling/rising?

As of 23-Jul, Veer Energy & Infrastructure Ltd is experiencing a decline in its stock price, currently at 17.90, reflecting a decrease of 0.32 or 1.76%. The stock has underperformed its sector by 2.14% today and has fallen after three consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.56%, while it has shown a modest increase of 1.70% over the past month. However, the company is facing significant challenges, including operating losses and a weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio of -1.69. The stock has also generated a negative return of -12.38% over the past year, significantly underperforming the broader market.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week and a more substantial gain of 5.87% year-to-date, highlighting that Veer Energy's recent performance is not aligned with the overall market trend. While the stock has seen a rise in investor participation, with delivery volume increasing by 212.91% against the 5-day average, the underlying fundamentals remain weak, as indicated by negative EBITDA and low profitability per unit of shareholders' funds. This combination of poor financial performance and a lack of alignment with market trends contributes to the stock's downward movement.