Why is IGC Industries falling/rising?

As of 25-Jul, IGC Industries Ltd is experiencing a slight increase in its stock price, currently at Rs. 3.87, reflecting a change of 0.02 or 0.52% upward. Despite this recent uptick, the stock has faced significant declines over the longer term, with a year-to-date drop of 60.79% and a staggering 89.85% decrease over the past year. Today's performance summary indicates that the stock has outperformed its sector by 1.29%, and it has shown a trend reversal after three consecutive days of decline. However, it is trading below all key moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 46.3% compared to the five-day average.
In the broader market context, IGC Industries' short-term performance is less favorable compared to the benchmark Sensex, which has only declined by 0.36% over the past week while IGC Industries has dropped by 1.02%. This underperformance is further highlighted by the stark contrast in year-to-date returns, where the Sensex has gained 4.25%. The liquidity of the stock appears adequate for trading, but the significant drop in delivery volume suggests waning investor interest, which could contribute to the stock's volatility and overall negative sentiment in the market.