Why is India Gelatine falling/rising?

As of 29-Jul, India Gelatine & Chemicals Ltd is experiencing a decline in its stock price, currently at 351.55, reflecting a decrease of 1.9 points or 0.54%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 3.74% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has also seen a significant decrease in investor participation, with delivery volume dropping by 58.62% compared to the 5-day average. Over the past year, the stock has generated a return of -11.89%, coinciding with a substantial profit decline of 38.7%. While the company has a low debt-to-equity ratio and rising promoter confidence, with a 7.57% increase in stake, these positive factors are overshadowed by the recent poor performance and flat results reported for the last quarter.
In the broader market context, India Gelatine's short-term performance has been worse than the benchmark Sensex, which has declined by only 1.03% over the past week compared to the stock's 2.36% drop. This trend of underperformance is evident as the stock has also lagged behind the benchmark over the past month and year-to-date. Despite the promoters' increased confidence in the company, the overall market sentiment and the stock's recent negative returns suggest a challenging environment for India Gelatine, contributing to its current price decline.