Why is Regency Ceramics falling/rising?

As of 29-Oct, Regency Ceramics Ltd's stock price is rising, currently at Rs 48.30, reflecting an increase of Rs 3.23 or 7.17%. The stock has shown a positive trend today, gaining after two consecutive days of decline and outperforming its sector by 6.18%. It opened with a significant gain of 7.17% and reached an intraday high of Rs 48.30. Over the past week, the stock has increased by 2.37%, and in the last month, it has risen by 13.38%. However, it is important to note that the stock has experienced a year-to-date decline of 12.04% and a substantial drop of 47.00% over the past year. Additionally, there has been a decrease in investor participation, with delivery volume falling by 13.61% compared to the 5-day average.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.68% over the past week and 5.76% over the past month, Regency Ceramics Ltd has outperformed significantly in the short term. The stock's recent performance indicates a positive reversal trend, contrasting with its longer-term performance where it has lagged behind the benchmark over the year. The liquidity of the stock remains adequate for trading, suggesting that while the stock is currently rising, the overall investor sentiment may still be cautious due to its historical performance and declining participation.