Why is IGC Industries falling/rising?

As of 11-Sep, IGC Industries Ltd is experiencing a slight decline in its stock price, currently at 3.09, reflecting a decrease of 0.01 or 0.32%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 2.52%. In terms of returns, the stock has shown a 1.98% increase over the past week, but it has significantly underperformed over the longer term, with a staggering 90.59% drop in the past year. The company is facing challenges such as high debt levels, indicated by a debt-to-equity ratio of 4.90 times, and weak long-term growth, as evidenced by stagnant net sales and operating profit over the last five years. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 66.33% against the five-day average.
In the broader market context, while the Sensex has increased by 1.03% over the past week, IGC Industries has lagged behind, underperforming its sector by 0.74%. The stock's performance has been consistently poor compared to the benchmark, with negative returns over the past three years and a decline in institutional investor participation, which has decreased by 1.44% in the last quarter. This lack of confidence from institutional investors, who typically have more resources to analyze company fundamentals, further exacerbates the stock's challenges and contributes to its ongoing decline.