Why is Sigachi Indust. falling/rising?

As of 03-Jul, Sigachi Industries Ltd is experiencing a decline in its stock price, currently at 41.89, reflecting a decrease of 0.8 or 1.87%. The stock has been underperforming significantly, having fallen for the last six consecutive days, resulting in a total drop of 25.61% during this period. Additionally, the stock's performance over the past week shows a staggering decline of 25.14%, while its year-to-date performance is down by 16.22%. Despite a low debt-to-equity ratio indicating financial stability, the stock's trading is below all key moving averages, which suggests a bearish trend.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight increase of 3.10% over the past month, contrasting sharply with Sigachi's negative returns. This indicates that while the overall market is experiencing growth, Sigachi Industries is lagging significantly. The stock's liquidity remains adequate, with a delivery volume increase of 102.31% compared to the five-day average, suggesting some investor interest despite the ongoing decline. Overall, the stark difference in performance between Sigachi and the benchmark reflects a challenging environment for the company, contributing to its recent price drop.