Why is Sicagen India falling/rising?

As of 10-Sep, Sicagen India Ltd is currently priced at 75.40, reflecting a decline of 2.6 points or 3.33%. The stock has been underperforming, having fallen for the last two days with a total drop of 3.89% during this period. Today's trading saw the stock reach an intraday low of Rs 74.35, and it has traded more volume closer to this low price. Despite a positive return of 7.71% over the past month, the stock has experienced a significant decline of 29.55% over the past year. However, the company shows healthy long-term growth potential, with operating profit increasing at an annual rate of 55.15% and a PEG ratio of 0.6, indicating an attractive valuation compared to its peers.
In the broader market context, Sicagen India has outperformed the benchmark Sensex over the past week and month, with returns of 1.60% and 7.71%, respectively, compared to the Sensex's 1.06% and 1.96%. Despite these short-term gains, the stock's year-to-date performance remains negative at -14.21%, contrasting sharply with the Sensex's positive return of 4.21%. This suggests that while there may be some positive momentum in the short term, the overall sentiment towards Sicagen India is weighed down by its significant losses over the longer term, contributing to its current price decline.