Why is Sigachi Indust. falling/rising?

As of 13-Jun, Sigachi Industries Ltd is experiencing a price increase, currently at 58.35, which reflects a rise of 0.91 or 1.58%. The stock has shown strong performance recently, gaining 4.87% over the last two days and outperforming its sector by 1.87% today. Additionally, it has demonstrated impressive returns over the past week and month, with increases of 5.12% and 34.54%, respectively. The company maintains a low debt-to-equity ratio of 0.07, which is favorable and likely contributes to investor confidence, supporting the stock's upward movement.
In the broader market context, while the Sensex has declined by 1.30% over the past week, Sigachi Industries has significantly outperformed this benchmark, indicating strong relative strength. The stock's year-to-date performance shows a gain of 16.70%, compared to the Sensex's modest increase of 3.81%. This contrast highlights the stock's resilience and attractiveness to investors, particularly in a challenging market environment. Overall, the combination of positive stock-specific factors and the stock's ability to outperform the broader market suggests a robust demand for Sigachi Industries shares.