Why is Veer Energy falling/rising?

As of 11-Aug, Veer Energy & Infrastructure Ltd's stock price is currently at 17.55, reflecting an increase of 0.25 or 1.45%. Despite this positive movement today, the stock has shown a decline of 2.06% over the past week and 2.28% over the past month. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. The company has been 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. Additionally, the stock has underperformed the market over the past year, with a return of -13.08% compared to the broader market's negative return of -1.85%.
In the broader market context, while Veer Energy's stock has outperformed its sector by 0.32% today, it has struggled significantly in the longer term, with a year-to-date decline of 27.15%. The stock's performance has been particularly concerning given its negative EBITDA and low profitability, as indicated by a Return on Equity of only 1.54%. The majority shareholders being non-institutional adds another layer of risk, as it may indicate a lack of confidence from institutional investors. Overall, despite a slight uptick in price today, the underlying fundamentals and historical performance suggest a challenging environment for Veer Energy, contributing to its overall negative trajectory.