Why is Regency Ceramics falling/rising?

As of 02-Jul, Regency Ceramics Ltd is experiencing a rise in its stock price, currently at Rs 43.55, reflecting an increase of Rs 2.06 or 4.97%. The stock has shown strong performance recently, with a consecutive gain over the last two days amounting to 10.2%. It opened with a gain of 4.99% today and reached an intraday high of Rs 43.56. Despite this positive movement, the stock has a negative long-term outlook due to a weak fundamental strength, highlighted by a negative book value and high debt levels. The company has shown impressive short-term returns, outperforming the sector by 3.17%, but it has underperformed over the past year with a return of -18.40%.
In the broader market context, the stock's short-term performance of +5.22% over the past week significantly outpaces the Sensex, which has only increased by 0.79%. However, the stock's year-to-date performance remains concerning, with a decline of -20.69% compared to the Sensex's gain of 6.75%. This disparity indicates that while Regency Ceramics is currently experiencing a positive price movement, its long-term challenges and underperformance relative to the market could pose risks for investors.