Why is Regency Ceramics falling/rising?

As of 24-Jun, Regency Ceramics Ltd's stock price is currently at Rs 39.02, reflecting an increase of Rs 1.85 or 4.98%. Today, the stock opened with a gain of 4.98% and reached an intraday high of Rs 39.02, although it also touched a low of Rs 35.31, marking a new 52-week low. The stock has shown a wide trading range of Rs 3.71 and has been highly volatile today, with an intraday volatility of 6.99%. Despite today's positive movement, the stock has underperformed in the longer term, with a year-to-date decline of 21.87% and a one-year return of -10.24%. The company's fundamentals are concerning, as it has a negative book value and a weak long-term growth outlook, with high debt levels and negative EBITDA, which contribute to its classification as a risky investment.
In the broader market context, the Sensex has shown a modest gain of 0.77% over the past week, while Regency Ceramics has experienced a significant decline of 14.52% in the same period. This stark contrast highlights the stock's underperformance relative to the benchmark. Although the stock has outperformed its sector by 2.36% today, its overall performance remains weak compared to the market, which has generated positive returns over the last year. The company's high debt levels and poor long-term growth prospects further exacerbate its challenges, making it a risky investment despite today's price increase.