Why is Regency Ceramics falling/rising?

As of 13-Aug, Regency Ceramics Ltd is experiencing a decline in its stock price, currently at 48.67, reflecting a decrease of 0.33 or 0.67%. The stock has underperformed its sector by 1.68% today and has been on a downward trend for the last three days, accumulating a total loss of 5.86% during this period. While the stock's performance over the past month shows a positive return of 6.97%, its year-to-date performance is notably negative at -11.36%. Additionally, despite being higher than the 50-day and 100-day moving averages, the stock is lower than the 5-day, 20-day, and 200-day moving averages. There is a notable increase in investor participation, with delivery volume rising by 119.52% against the 5-day average, indicating some interest despite the recent price decline.
In the broader market context, Regency Ceramics' short-term performance over the past week shows a slight decline of 0.10%, while the benchmark Sensex has remained relatively flat with a change of -0.01%. This suggests that the stock's recent struggles are not solely due to broader market conditions, as it has underperformed compared to the benchmark. The year-to-date performance of the stock is significantly worse than the Sensex, which has gained 3.07% during the same period. Overall, the combination of recent price declines, underperformance relative to the sector, and negative year-to-date returns contributes to the current downward trend in Regency Ceramics' stock price.