Why is Regis Industries falling/rising?

As of 23-Jun, Regis Industries Ltd's stock price is currently at 10.40, reflecting a decrease of 0.4, or 3.7%. The stock has underperformed its sector today by 4.23%, and while it is higher than the 50-day and 100-day moving averages, it is lower than the 5-day, 20-day, and 200-day moving averages. Over the past week, the stock has seen a return of -5.88%, contrasting with a slight gain of 0.12% in the Sensex. Additionally, the company's financial health appears weak, with operating losses and a negative EBITDA, contributing to a poor long-term growth outlook, as evidenced by a -39.87% decline in net sales over the last six months. The stock has also significantly underperformed the market over the past year, generating a return of -28.84% compared to the BSE 500's 2.78%.
In the broader market context, while the stock has shown some resilience over a three-year period with a return of 258%, its recent performance indicates a troubling trend, especially given the negative returns year-to-date of -35.00%. The rising investor participation, with a notable increase in delivery volume, suggests some interest, but the overall sentiment remains cautious due to the company's weak fundamentals and operating losses. The majority shareholders being non-institutional may also contribute to the volatility and lack of confidence in the stock's future performance.