Why is Regency Ceramics falling/rising?

As of 24-Oct, Regency Ceramics Ltd is experiencing a price increase, currently at Rs 50.84, which reflects a change of Rs 2.09 or 4.29% upward. The stock has shown strong performance recently, gaining 12.73% over the past week and 23.28% over the past month. It has been on a consecutive gain streak for the last four days, with today's trading showing high volatility and a wide intraday range of Rs 7.87. The stock has also outperformed its sector by 4.7% today, and there has been a significant increase in investor participation, with delivery volume rising by 612.46% against the 5-day average. Additionally, Regency Ceramics is trading above its moving averages across various time frames, indicating positive momentum.
In the broader market context, while Regency Ceramics has outperformed the Sensex in the short term, with a 12.73% return over the past week compared to the Sensex's 0.31%, it is important to note that the stock is down 7.41% year-to-date, contrasting with the Sensex's gain of 7.77%. This suggests that while recent performance is strong, the stock has faced challenges over a longer period. The significant volatility today, combined with the positive short-term returns, indicates a potential recovery phase for the stock, although its long-term performance remains under pressure.