Why is IGC Industries falling/rising?

As of 14-Jul, IGC Industries Ltd is experiencing a decline in its stock price, currently at 4.03, which reflects a decrease of 0.21 or 4.95%. The stock has underperformed its sector by 4.41% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 9.64% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 38.85% compared to the 5-day average, suggesting a decline in investor participation. The stock's year-to-date performance shows a staggering decline of 59.17%, and it has fallen 89.85% over the past year, reflecting a significant downturn without any available positive factors to counterbalance this trend.
In the broader market context, IGC Industries' short-term performance has been notably poor compared to the Sensex, which has gained 1.40% over the past month while IGC has dropped 14.98%. This stark contrast highlights the stock's underperformance relative to the benchmark index. The overall market sentiment appears to be more favorable, as evidenced by the Sensex's positive returns, while IGC Industries continues to struggle with substantial losses over various time frames, including a staggering 86.10% decline over the past three years. This combination of poor stock performance and declining investor interest contributes to the ongoing downward pressure on IGC Industries' stock price.