Why is Regency Ceramics falling/rising?

As of 30-Jun, Regency Ceramics Ltd is experiencing a decline in its stock price, currently at Rs 39.52, reflecting a decrease of Rs 1.94 or 4.68%. The stock has underperformed significantly today, opening with a loss of 4.68% and trading flat at this price without any range. It is also close to its 52-week low, just 4.23% away from Rs 37.85. Over the past week, the stock has fallen by 9.27%, and its year-to-date performance shows a substantial decline of 28.03%. Despite some positive indicators such as a high debtors turnover ratio and increased profits, the company's negative book value and weak long-term fundamentals, including a high debt-to-equity ratio and negative EBITDA, contribute to its poor performance.
In the broader market context, Regency Ceramics has significantly underperformed compared to the benchmark, with the Sensex gaining 2.09% over the past week while the stock has dropped. The stock's one-year return of -18.36% starkly contrasts with the market's positive return of 3.95%, indicating a lack of investor confidence. Although there has been a rise in investor participation, as evidenced by a 564.7% increase in delivery volume, the overall sentiment remains negative due to the company's financial instability and poor growth prospects.