Why is Shigan Quantum falling/rising?

As of 16-Sep, Shigan Quantum Technologies Ltd is currently priced at 66.85, reflecting a decrease of 0.35, or 0.52%. The stock has underperformed its sector today by 2.3%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 4.50%, and it has seen a significant drop of 40.84% year-to-date. Despite this decline, there has been a notable increase in investor participation, with delivery volume rising by 200% against the 5-day average, suggesting some interest in the stock despite its poor performance.
In the broader market context, the Sensex has gained 1.49% over the past week and 2.47% over the past month, contrasting sharply with Shigan Quantum's negative returns. Year-to-date, while the stock has fallen by 40.84%, the Sensex has risen by 6.74%, highlighting a significant underperformance relative to the benchmark. This disparity indicates that while the overall market is experiencing growth, Shigan Quantum is struggling to attract investor confidence, which is further compounded by its poor historical performance over the last year and three years compared to the benchmark's gains.