Why is Regency Ceramics falling/rising?

As of 23-Sep, Regency Ceramics Ltd is experiencing a decline in its stock price, currently at Rs 42.16, which reflects a decrease of Rs 2.47 or 5.53%. The stock has underperformed its sector by 4.62% today, despite opening with a gain of 3.74% and reaching an intraday high of Rs 46.3. However, it also touched a low of Rs 42.02, indicating significant volatility with an intraday fluctuation of 5.83%. Over the past week, the stock has seen a substantial decline of 10.30%, and its year-to-date performance shows a drop of 23.22%. While there has been a notable increase in delivery volume by 60.93% against the 5-day average, the stock is trading below its moving averages across various timeframes, suggesting a bearish trend.
In the broader market context, Regency Ceramics' recent performance contrasts sharply with the Sensex, which has only declined by 0.34% over the past week. This indicates that the stock's short-term return is significantly worse than the benchmark, highlighting its struggles in a relatively stable market environment. The stock's long-term performance also shows a stark difference, with a year-over-year decline of 47.25% compared to the Sensex's slight decrease of 3.33%. Overall, the combination of high volatility, underperformance relative to the sector, and poor returns compared to the benchmark contributes to the downward pressure on Regency Ceramics' stock price.