Why is Shigan Quantum falling/rising?

As of 23-Sep, Shigan Quantum Technologies Ltd is experiencing a slight increase in its stock price, currently at 69.00, reflecting a change of 0.1 or 0.15% upward. The stock's performance today is in line with its sector, although it is higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant decline in investor participation, with delivery volume dropping by 58.33% compared to the 5-day average. Over the past week, the stock has gained 3.22%, contrasting with a slight decline of 0.28% in the Sensex, but it has seen a substantial decline of 38.94% year-to-date, indicating ongoing challenges despite the recent uptick.
In the broader market context, while Shigan Quantum's short-term return over the past week is positive, it remains significantly underperforming compared to the Sensex over longer periods, such as the year-to-date and one-year returns, where it has fallen by 38.94% and 43.28%, respectively. The Sensex, in contrast, has shown a positive return of 6.45% year-to-date. This stark difference highlights the challenges faced by Shigan Quantum in gaining traction in the market, despite a minor uptick in price. The lack of positive factors in the dashboard further suggests that the stock's recent movement may not be supported by strong underlying fundamentals.