Why is Indergiri Fin. falling/rising?

As of 24-Oct, Indergiri Finance Ltd is experiencing a decline in its stock price, currently at Rs 30.60, reflecting a decrease of 1.61 (-5.0%). The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -12.42% over the past week. It opened today with a loss of 5% and reached an intraday low of Rs 30.60, indicating significant selling pressure. Although the stock is trading above its 20-day, 50-day, and 100-day moving averages, it remains below its 5-day and 200-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 41.12% compared to the 5-day average, suggesting some interest despite the overall negative trend.
In the broader market context, the Sensex has shown a slight gain of 0.31% over the past week, contrasting sharply with Indergiri Finance's significant decline. This underperformance highlights a divergence between the stock and the benchmark index, indicating that while the market is relatively stable, Indergiri Finance is struggling. The stock's performance over the past month shows a positive return of 21.09%, but the recent downturn suggests that investor sentiment may be shifting negatively, despite the liquidity being adequate for trading. Overall, the stock's recent movement appears to be influenced by a combination of negative short-term performance and broader market stability.