Why is Sigachi Indust. falling/rising?

As of 11-Jul, Sigachi Industries Ltd's stock price is currently at 41.88, reflecting an increase of 0.35, or 0.84%. The stock has shown a trend reversal, gaining after four consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has underperformed significantly over the past month, with a decline of 24.73%, while the benchmark Sensex has remained relatively flat with a change of -0.02%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 44.82% compared to the 5-day average. Despite these challenges, the company maintains a low debt-to-equity ratio, which could provide some stability and is a factor for holding the stock.
In the broader market context, Sigachi Industries' short-term performance has been notably worse than the benchmark, with a 1-week return of -7.00% compared to the Sensex's -1.12%. This stark contrast highlights the stock's struggles in a generally stable market environment. The company's year-to-date performance is also concerning, with a decline of 16.24% against the Sensex's gain of 5.58%. Overall, while there are some positive aspects such as the low debt-to-equity ratio, the stock's recent performance and declining investor interest suggest a challenging outlook in the current market conditions.