Why is Sigachi Indust. falling/rising?

As of 01-Jul, Sigachi Industries Ltd is experiencing a decline in its stock price, currently at Rs 46.07, which reflects a decrease of Rs 2.72 or 5.57%. The stock has been underperforming significantly, having fallen consecutively for the last four days, resulting in a total decline of 18.19% during this period. Additionally, it opened with a loss of 2.3% today and reached an intraday low of Rs 44.71, which is an 8.36% drop. The stock's performance over the past week shows a substantial decline of 17.47%, while its year-to-date performance is down by 7.86%. Despite a relatively low debt-to-equity ratio, which could be seen as a positive factor, the overall negative momentum and recent price movements suggest that investor sentiment is currently bearish.
In the broader market context, the Sensex has shown resilience with a 2.00% gain over the past week, contrasting sharply with Sigachi Industries' performance. This underperformance against the benchmark indicates that investors may be favoring other opportunities in the market, as evidenced by the stock's significant drop compared to the Sensex's positive returns. The rising investor participation, with a notable increase in delivery volume, suggests some level of interest, but it has not been enough to counteract the prevailing downward trend. Overall, the combination of recent price declines and poor relative performance against the benchmark reflects a challenging environment for Sigachi Industries Ltd.