Why is Sigachi Indust. falling/rising?

As of 04-Jul, Sigachi Industries Ltd's stock price is currently at Rs 45.03, reflecting an increase of Rs 3.14 or 7.5%. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline. The stock reached an intraday high of Rs 46, representing a 9.81% increase. Despite this positive movement, the stock has experienced significant declines over the past week and month, with returns of -18.39% and -19.11%, respectively. However, the company maintains a low average Debt to Equity ratio, which may contribute to investor confidence despite the recent volatility.
Broader market context shows that while Sigachi Industries has outperformed its sector by 6.99% today, it has underperformed against the benchmark Sensex over the past week and month, which saw declines of only 0.74% and gains of 3.01%, respectively. The stock's year-to-date performance is also negative at -9.94%, contrasting with the Sensex's positive return of 6.77%. This context highlights the challenges faced by Sigachi Industries in the short term, despite today's positive movement and increased investor participation, as indicated by a rise in delivery volume.