Why is Sigachi Indust. falling/rising?

As of 24-Sep, Sigachi Industries Ltd is experiencing a decline in its stock price, currently at 41.54, reflecting a decrease of 0.71 or 1.68%. The stock has underperformed its sector by 1.23% today and has been on a downward trend for the last three days, accumulating a total loss of 6% during this period. In terms of returns, the stock has shown a significant decline of 29.45% over the past year, while its performance over the last month has been relatively strong with a gain of 32.29%. However, the stock's recent performance is overshadowed by a low delivery volume, which has fallen by 81.61% against the five-day average, indicating reduced investor participation. Additionally, the company has a low debt-to-equity ratio of 0.07, but the recent flat results and a negative EPS of -2.63 raise concerns about its valuation, especially given that 45.37% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, while the Sensex has only declined by 1.18% over the past week, Sigachi Industries Ltd has seen a much steeper drop of 6.44%, indicating a significant underperformance relative to the benchmark. The stock's year-to-date performance shows a decline of 16.92%, contrasting sharply with the Sensex's gain of 4.58%. This disparity highlights the challenges faced by Sigachi Industries Ltd in maintaining investor confidence, particularly in light of its recent financial results and the high percentage of pledged shares, which can exacerbate price declines in a bearish market environment.