Why is Veer Energy falling/rising?

As of 25-Aug, Veer Energy & Infrastructure Ltd is experiencing a decline in its stock price, currently at 15.99, which represents a decrease of 0.99 or 5.83%. The stock has underperformed its sector by 6.02% today and has fallen after four consecutive days of gains. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock has shown poor performance over various periods, with a year-to-date return of -33.62% and a one-year return of -23.12%. The company is facing significant challenges, including operating losses and a weak ability to service its debt, reflected in a negative EBIT to Interest ratio of -1.87. Furthermore, the company has reported a decline in net sales and profit after tax, both down by 25.31% over the past nine months.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a one-week return of -0.19% compared to the Sensex's gain of +0.45%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 67.91% against the five-day average. The stock's liquidity is adequate for trading, but the overall sentiment remains negative due to its weak long-term fundamentals and below-par performance relative to the broader market. The combination of these factors contributes to the stock's current downward trajectory.