Why is Indergiri Fin. falling/rising?

As of 27-Oct, Indergiri Finance Ltd's stock price is currently at Rs 29.07, reflecting a decline of Rs 1.53 or 5.0%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 16.8% during this period. Today, the stock opened with a loss of 5% and reached an intraday low of Rs 29.07. Additionally, the stock's delivery volume has significantly decreased, dropping by 70.86% compared to the five-day average, indicating falling investor participation. The stock is currently trading above its 50-day and 100-day moving averages but below its 5-day, 20-day, and 200-day moving averages, suggesting mixed technical signals.
In the broader market context, the stock's performance over the past week shows a significant underperformance compared to the Sensex, which gained 0.49% while Indergiri Finance Ltd declined by 16.78%. Over the past month, however, the stock has outperformed the benchmark with an increase of 11.17% compared to the Sensex's 5.41% rise. This indicates that while the stock has had some positive momentum recently, its current decline is more pronounced in the short term, particularly in light of the recent consecutive losses and reduced trading activity.