Why is Sigachi Indust. falling/rising?

As of 28-Oct, Sigachi Industries Ltd is experiencing a decline in its stock price, currently at 37.05, which reflects a decrease of 0.98 or 2.58%. The stock has underperformed its sector by 2.32% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.1%. Over the past week, the stock has fallen by 4.02%, and its year-to-date performance shows a significant drop of 25.90%. Additionally, while the stock is trading at a discount compared to its peers, it has faced negative financial results, including a 68.7% fall in PAT for the last quarter and a 13.86% decline in net sales. The company's high debt-equity ratio and the fact that 39.55% of promoter shares are pledged further contribute to the downward pressure on the stock.
In the broader market context, the Sensex has shown a slight increase of 0.24% over the past week, contrasting sharply with Sigachi Industries' negative performance. This underperformance is evident as the stock has lagged behind the benchmark indices over various periods, including a 19.58% decline over the past year compared to the Sensex's 5.78% gain. The company's poor long-term growth prospects, highlighted by a low return on capital employed and a significant drop in profits, suggest that investor confidence is waning, leading to the stock's continued decline amidst a generally stable market environment.