Why is Regency Ceramics falling/rising?

As of 01-Jul, Regency Ceramics Ltd is experiencing a price increase, currently at Rs 41.49, reflecting a rise of 1.97 (4.98%). The stock opened with a gain of 4.98% today and has maintained this price throughout the trading session. However, despite today's performance, the stock has underperformed in the short term, with a 1-week return of -4.75% compared to the Sensex's gain of +2.00%. Additionally, the stock's long-term performance shows a significant decline, with a year-to-date return of -24.44% and a 1-year return of -18.37%. The company has reported its highest quarterly profit after tax at Rs 11.46 crore and an earnings per share of Rs 4.33, but it also faces challenges such as a negative book value and a high debt-to-equity ratio, indicating weak long-term fundamentals.
In the broader market context, while Regency Ceramics has outperformed its sector by 4.92% today, it still lags behind the overall market, which has generated returns of +7.11% year-to-date. The stock's liquidity appears sufficient for trading, but there has been a notable decline in investor participation, with delivery volume dropping by 92.51% against the 5-day average. This erratic trading and the fact that the stock is trading below all its moving averages suggest a lack of confidence among investors, contributing to its overall underperformance relative to the benchmark indices.