Why is Regency Fincorp falling/rising?

As of 16-Jul, Regency Fincorp Ltd's stock price is currently at 26.26, reflecting a decrease of 0.14, or 0.53%. The stock has underperformed its sector by 0.3% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 4.75% during this period. Additionally, Regency Fincorp is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant growth in net profit and positive results over the last three quarters, the recent decrease in promoter holding to 17.46% raises concerns about investor confidence. The stock's long-term fundamentals are also viewed as weak, with an average return on equity of 3.64%, which may contribute to the downward pressure on the stock price.
In the broader market context, Regency Fincorp's short-term performance has been notably poor, with a 1-week decline of 6.21%, compared to a slight decrease of 1.08% in the Sensex. Over the past month, the stock has fallen by 7.54%, while the benchmark has gained 1.02%. This stark contrast highlights the stock's underperformance relative to the market. Although the company has shown impressive returns over the past year and three years, the recent trends and declining promoter confidence may be overshadowing these positive aspects, leading to a negative sentiment among investors.