Why is Regency Ceramics falling/rising?

As of 19-Sep, Regency Ceramics Ltd is experiencing a decline in its stock price, currently at 43.50, reflecting a decrease of 0.39 or 0.89%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 7.45% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. Despite a significant increase in net sales and profits in the latest six months, the company faces challenges such as a negative book value, high debt levels, and poor long-term growth prospects, which contribute to its weak long-term fundamental strength.
In the broader market context, Regency Ceramics has significantly underperformed compared to the Sensex, with a one-week return of -7.39% against the benchmark's +0.88%. The stock's year-to-date performance shows a decline of 20.78%, while the Sensex has gained 5.74% during the same period. This stark contrast highlights the stock's struggles in both the short and long term, as it has also underperformed the BSE500 over various time frames. The overall market sentiment appears to be unfavorable for Regency Ceramics, compounded by its recent erratic trading patterns and a lack of investor confidence.