Why is Regency Fincorp falling/rising?

As of 15-Jul, Regency Fincorp Ltd's stock price is currently at Rs 26.40, reflecting a decline of Rs 1.17 or 4.24%. Today's price summary indicates that the stock opened with a significant loss of 4.79% and reached an intraday low of Rs 26, down 5.69%. The stock has underperformed its sector by 5.05%, and trading volume has decreased notably, with delivery volume falling by 44.79% against the 5-day average. Despite a strong performance over the past year with a return of 76.00%, the stock has seen a decline of 7.34% over the past week and 7.43% over the past month. The company's recent positive financial results, including a 245.33% growth in net profit and consistent positive results over the last three quarters, are overshadowed by a decrease in promoter holding to 17.46% and a weak long-term fundamental strength indicated by an average Return on Equity (ROE) of 3.64%.
In the broader market context, Regency Fincorp's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 1.36% over the past week. While the stock has shown impressive returns over the longer term, including a staggering 725.00% increase over three years, the recent downturn suggests a shift in investor sentiment, possibly due to concerns over declining promoter confidence and liquidity issues. The stock's current trading below all major moving averages further indicates bearish momentum, contributing to its recent price decline.