Why is Regency Ceramics falling/rising?

As of 10-Jul, Regency Ceramics Ltd is experiencing a price increase, currently at Rs 41.50, which reflects a change of 1.79 or 4.51% upward. Today's price summary indicates that the stock has outperformed its sector by 3.49%, despite opening with a loss of 4.31% and showing high volatility with an intraday fluctuation of 6.9%. Over the past week, the stock has declined by 9.70%, and it has also seen a significant drop of 18.60% over the past month. Positive factors include a notable growth in profit after tax (PAT) by 169.79% and a high debtors turnover ratio, but the company faces challenges such as a negative book value and weak long-term growth, which contribute to its classification as a risky investment.
In the broader market context, Regency Ceramics has underperformed compared to the Sensex, which has increased by 1.00% over the past month while the stock has dropped significantly. The stock's year-to-date performance shows a decline of 16.90%, contrasting sharply with the Sensex's gain of 7.23%. This disparity highlights the stock's struggles in a generally positive market environment, further compounded by falling investor participation and liquidity concerns. Overall, while the recent price increase may suggest some short-term recovery, the underlying fundamentals and market comparisons indicate ongoing challenges for Regency Ceramics.