Why is Shigan Quantum falling/rising?

As of 17-Sep, Shigan Quantum Technologies Ltd is experiencing a decline in its stock price, currently at Rs 64.50, which reflects a decrease of Rs 2.35 or 3.52%. The stock has underperformed significantly, with a 1-week return of -10.42% and a 1-month return of -16.34%. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock is also close to its 52-week low, being only 4.65% away from Rs 61.5. Despite a notable increase in delivery volume, which rose by 114.29% against the 5-day average, there are no positive factors available to counterbalance the negative performance metrics.
Broader Market Context: In comparison to the benchmark Sensex, which has shown a positive return of +1.43% over the past week and +2.84% over the past month, Shigan Quantum's performance is starkly negative. The broader market context indicates that while the Sensex has gained, Shigan Quantum has significantly lagged behind, with a year-to-date decline of -42.92% compared to the Sensex's gain of +7.13%. This stark contrast highlights the challenges faced by Shigan Quantum in the current market environment, contributing to its ongoing stock price decline.