Why is Regency Ceramics falling/rising?

As of 05-Aug, Regency Ceramics Ltd is experiencing a decline in its stock price, currently at Rs 49.13, reflecting a decrease of Rs 1.37 or 2.71%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 4.04% during this period. Although it opened with a gain of 3.96% today and reached an intraday high of Rs 52.5, it also touched a low of Rs 48.88. The stock's performance over the past week shows a slight decline of 0.91%, while it has performed better over the past month with a return of 7.98%. However, year-to-date, it is down 10.53%. Notably, the stock has seen increased investor participation, with delivery volume rising significantly, indicating some interest despite the recent price drop.
In the broader market context, the Sensex has also shown a slight decline of 0.77% over the past week, suggesting that the overall market sentiment may be contributing to the stock's recent performance. While Regency Ceramics has outperformed the benchmark in the past month, its year-to-date performance is notably worse than the Sensex, which has gained 3.29%. This divergence indicates that while the stock has had periods of strong performance, recent trends suggest a struggle to maintain momentum in a challenging market environment.