Why is Sigachi Indust. falling/rising?

As of 02-Jul, Sigachi Industries Ltd is experiencing a decline in its stock price, currently at Rs 42.69, which reflects a decrease of Rs 3.38 or 7.34%. The stock has been underperforming significantly, having fallen consecutively for the last five days, with a total return of -24.19% over this period. Today, it reached an intraday low of Rs 41.01, indicating a drop of 10.98%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. While the company maintains a low Debt to Equity ratio, which is generally viewed positively, the recent performance indicates a lack of investor confidence, contributing to the stock's decline.
In the broader market context, Sigachi Industries' performance has significantly lagged behind the benchmark Sensex, which has gained 0.79% over the past week, while the stock has dropped 24.19%. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, despite the high volatility observed today, with an intraday volatility of 6.94%, there has been a notable increase in investor participation, as evidenced by a delivery volume rise of 180.84% compared to the 5-day average. However, this increase in trading volume has not translated into positive price movement, indicating that investor sentiment remains weak amidst the broader market's stability.