Why is Sigachi Indust. falling/rising?

As of 07-Aug, Sigachi Industries Ltd is experiencing a decline in its stock price, currently at Rs. 32.84, which represents a decrease of 1.74 or 5.03%. The stock has hit a new 52-week low of Rs. 31.4 today and has been on a downward trend, falling for the last three days with a total decline of 10.2%. Additionally, the stock has underperformed its sector by 5.68% today. Over the past week, the stock has decreased by 13.14%, and year-to-date, it has fallen by 34.32%. The stock is trading below all key moving averages, indicating a bearish trend. There is a notable increase in investor participation, with delivery volume rising by 31.72% against the 5-day average, suggesting some interest despite the overall negative performance.
Broader Market Context: In comparison to the benchmark Sensex, which has only declined by 0.69% over the past week, Sigachi Industries' performance is significantly worse. The stock's year-to-date decline of 34.32% starkly contrasts with the Sensex's gain of 3.18%, highlighting a substantial underperformance. This disparity indicates that while the broader market may be stabilizing or growing, Sigachi Industries is struggling to maintain investor confidence, contributing to its recent price decline.