Why is Sigachi Indust. falling/rising?

As of 08-Aug, Sigachi Industries Ltd is experiencing a decline in its stock price, currently at Rs 32.51, which reflects a decrease of Rs 0.33 or 1.0%. The stock has been underperforming recently, with a consecutive fall over the last four days, resulting in a total drop of 11.1% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock is also close to its 52-week low, just 3.41% away from Rs 31.4. Despite a significant increase in delivery volume, which rose by 429.18% against the 5-day average, the overall performance remains weak, with year-to-date returns down by 34.98% compared to a modest gain of 2.20% in the benchmark index.
In the broader market context, Sigachi Industries' recent performance has been notably poor compared to the Sensex, particularly over the past week and month, where it has declined by 10.56% and 23.49%, respectively, while the Sensex has only fallen by 0.92% and 4.60%. This stark contrast highlights the stock's underperformance relative to the market. The lack of available positive or negative factors further complicates the outlook, as no specific catalysts or headwinds are identified that could influence investor sentiment. Overall, the combination of declining stock price, poor relative performance, and bearish moving averages suggests a challenging environment for Sigachi Industries Ltd.