Why is Sigachi Indust. falling/rising?

As of 04-Aug, Sigachi Industries Ltd is currently priced at 36.34, reflecting a slight decrease of 0.01, or 0.03%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 7.3% during this period. In terms of returns, the stock has experienced a significant drop of 44.68% over the past year, while its profits have increased by 29.6%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The presence of pledged promoter shares (45.37%) adds to the downward pressure on the stock, particularly in a declining market.
In the broader market context, the Sensex has shown a modest gain of 0.16% over the past week, contrasting sharply with Sigachi's 6.17% decline during the same period. This underperformance is further highlighted by the stock's year-to-date return of -27.32%, compared to the Sensex's positive return of 3.69%. The overall market conditions appear to be more favorable than those for Sigachi Industries, which has struggled to maintain investor confidence amid its recent financial results and high levels of pledged shares.