Why is Sigachi Indust. falling/rising?

As of 30-Jun, Sigachi Industries Ltd is experiencing a decline in its stock price, currently at Rs 48.79, which reflects a decrease of Rs 6.39 or 11.58%. The stock has underperformed significantly, with a consecutive fall over the last three days resulting in a total drop of 13.35%. It has also touched an intraday low of Rs 47, indicating high volatility with an intraday fluctuation of 12.68%. In terms of performance against benchmarks, the stock has shown negative returns over various periods, including a 10.23% decline over the past week and a 19.38% drop over the past year. Despite having a low debt-to-equity ratio of 0.07, which is generally favorable, the recent trends suggest a lack of investor confidence, as evidenced by a 14.97% decrease in delivery volume compared to the five-day average.
Broader market context indicates that while the Sensex has gained 2.09% over the past week and 7.00% year-to-date, Sigachi Industries Ltd has been on a downward trajectory. The stock's performance contrasts sharply with the benchmark, highlighting a significant underperformance of 12.27% against its sector today. This divergence suggests that broader market conditions are not favoring Sigachi Industries, contributing to its recent price decline. The overall liquidity remains adequate for trading, but the falling investor participation signals potential concerns about the stock's future performance amidst a generally positive market backdrop.