Why is Regency Ceramics falling/rising?

As of 27-Jun, Regency Ceramics Ltd's stock price is currently at Rs 41.46, reflecting an increase of Rs 1.79 or 4.51%. Today's performance is notable as the stock has outperformed its sector by 4.8% and has experienced a trend reversal after 11 consecutive days of decline. It opened with a significant gain of 3.98% and reached an intraday high of Rs 41.46. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend over a longer period. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 58.75% compared to the 5-day average. Despite a positive performance in the last month with a 9.54% increase, the stock has underperformed in the year-to-date with a decline of 24.49%.
In the broader market context, while the Sensex has gained 2.00% over the past week and 3.07% over the last month, Regency Ceramics has seen a decline of 4.82% in the same week. This underperformance is further emphasized by the stock's negative returns of -10.08% over the past year, contrasting sharply with the market's positive returns of 4.10%. The company's financial health is concerning, with a negative book value and a weak long-term growth outlook, as evidenced by a high debt-to-equity ratio and negative EBITDA. Although the company reported its highest quarterly profit after tax and earnings per share, the overall financial instability and poor long-term fundamentals contribute to a risky investment profile, which may deter potential investors despite the recent price increase.