Why is Sigachi Indust. falling/rising?

As of 23-Sep, Sigachi Industries Ltd is experiencing a decline in its stock price, currently at 42.25, which represents a decrease of 0.63 or 1.47%. The stock has underperformed its sector by 1.12% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.39% during this period. Over the past week, the stock has fallen by 3.32%, while it has shown a significant increase of 34.55% over the past month. However, the stock has a concerning year-to-date return of -15.50% and a one-year return of -28.47%. Additionally, the stock's delivery volume has decreased by 81% compared to its five-day average, indicating falling investor participation. The company has a low debt-to-equity ratio of 0.07, but it is facing challenges such as a low earnings per share of -2.63 and a high price-to-book value of 2.7, which suggests an expensive valuation relative to its peers.
Broader Market Context: In the context of the broader market, the Sensex has shown a slight decline of 0.34% over the past week and a modest gain of 0.98% over the past month. While the overall market has generated negative returns of -4.69% in the last year, Sigachi Industries Ltd has significantly underperformed with a return of -28.47%. The high percentage of pledged promoter shares, at 45.37%, adds additional downward pressure in a falling market, further exacerbating the stock's decline. Overall, the combination of disappointing financial results, declining investor interest, and a challenging market environment has contributed to the stock's recent downward movement.