Why is IGC Industries falling/rising?

As of 22-Sep, IGC Industries Ltd is experiencing a decline in its stock price, currently at 3.13, which reflects a decrease of 0.02 or 0.63%. The stock has underperformed its sector today by 0.83% and has been on a downward trend for the last two days, accumulating a total loss of 2.8%. Over the past week, the stock has decreased by 0.63%, and its year-to-date performance shows a staggering decline of 68.29%. The company is facing significant challenges, including high debt levels with a debt-to-equity ratio of 4.90 times, poor long-term growth, and negative EBITDA. Additionally, institutional investor participation has fallen, indicating a lack of confidence in the company's fundamentals.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 0.46% over the past week. This underperformance is consistent with the stock's historical trend, having generated a return of -89.39% over the last year while consistently lagging behind the BSE500 in each of the last three annual periods. The company's weak long-term fundamental strength, characterized by stagnant net sales and low profitability, further exacerbates its challenges, leading to a lack of investor interest and participation.