Why is Sangam India falling/rising?

As of 07-Aug, Sangam (India) Ltd's stock price is currently at Rs 374.70, reflecting a decrease of Rs 2.65 or 0.7%. The stock has experienced a significant decline, with a 1-week return of -13.35% and a 1-month return of -15.28%. Today's performance indicates that the stock touched an intraday low of Rs 360.05, which is a drop of 4.58%. Additionally, Sangam India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 251.75% against the 5-day average, indicating some interest despite the overall decline.
In the broader market context, the Sensex has only declined by 0.69% over the past week, which highlights that Sangam's performance is significantly worse than the benchmark. While the stock has outperformed its sector by 0.65% today, the overall trend remains negative, with year-to-date returns at -9.49% compared to the Sensex's positive return of +3.18%. This suggests that while there may be some short-term interest, the stock is struggling to maintain momentum in a challenging market environment.