Why is IGC Industries falling/rising?

As of 23-Jun, IGC Industries Ltd is currently priced at Rs. 4.01, reflecting a slight increase of Rs. 0.01 or 0.25%. The stock has recently experienced a trend reversal, gaining after seven consecutive days of decline. However, it remains significantly lower than its moving averages across various time frames, indicating ongoing weakness. The stock has hit a new 52-week low of Rs. 3.77 today and has underperformed its sector by 1.69%. Over the past week, the stock has seen a substantial decline of 14.50%, and year-to-date, it has dropped 59.37%. Despite these challenges, there has been a notable increase in investor participation, with delivery volume rising by 71.9% compared to the five-day average.
In the broader market context, the Sensex has shown a modest gain of 0.12% over the past week, contrasting sharply with IGC Industries' significant decline. This underperformance highlights the stock's struggles relative to the benchmark. Additionally, while the stock has faced substantial losses over longer periods, including a staggering 91.14% drop over the past year, the recent uptick in price may suggest a potential for recovery, albeit from a low base. Overall, the stock's recent movements reflect a complex interplay of investor sentiment and market conditions, with no specific positive or negative factors detailed in the available data.