Why is Sigachi Indust. falling/rising?

As of 24-Jul, Sigachi Industries Ltd is currently priced at 39.76, reflecting a decline of 0.36, or 0.9%. The stock has underperformed its sector by 1.25% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.58%, and it has seen a significant drop of 28.77% over the past month. Additionally, investor participation has fallen, with delivery volume on July 23 dropping by 39.82% compared to the 5-day average. Despite having a low debt-to-equity ratio, which is generally a positive indicator, the overall performance and declining investor interest suggest a negative sentiment surrounding the stock.
In the broader market context, Sigachi Industries' recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.09% over the same week. Year-to-date, the stock has decreased by 20.48%, while the Sensex has gained 5.18%. This stark difference highlights the stock's struggles relative to the market. The significant underperformance over various time frames, coupled with declining trading volumes, indicates that investors may be losing confidence in the stock, further contributing to its downward trajectory.