Why is Regency Ceramics falling/rising?

As of 13-Oct, Regency Ceramics Ltd is experiencing a price increase, currently at Rs 46.85, which reflects a change of Rs 3.78 or 8.78% upward. Today, the stock outperformed its sector by 8.1%, reaching an intraday high of Rs 47.99, although it also saw a low of Rs 41.14, indicating significant volatility with an intraday fluctuation of 6.48%. Over the past week, the stock has shown a positive return of 10.63%, contrasting with a slight decline of 0.26% over the past month. Despite this recent uptick, the stock has a year-to-date decline of 14.68% and a substantial drop of 54.43% over the past year, suggesting ongoing challenges. Notably, there has been a significant decrease in investor participation, with delivery volume falling by 62.79% compared to the five-day average, which may indicate caution among investors.
In the broader market context, the Sensex has shown a modest increase of 0.66% over the past week, highlighting that Regency Ceramics' recent performance is notably stronger than the benchmark. However, the stock's long-term performance remains concerning, with a year-to-date return significantly lagging behind the Sensex's 5.36% gain. The stock's moving averages indicate it is performing better than the shorter-term averages but remains below the 200-day moving average, which could suggest mixed signals regarding its long-term trend. Overall, while the recent price increase may reflect short-term trading activity, the broader context of declining investor participation and long-term underperformance raises questions about the sustainability of this upward movement.