Why is Regis Industries falling/rising?

As of 25-Jul, Regis Industries Ltd's stock price is currently at 10.00, reflecting an increase of 0.67, or 7.18%. The stock has been gaining for the last three days, with a total return of 9.29% during this period, outperforming its sector by 9.3%. However, the stock has shown a negative performance over the past week and month, with declines of 2.82% and 4.76%, respectively. Despite the recent positive price movement, the stock has a weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of only 0.07% and a significant valuation premium compared to its peers. Positive quarterly results, including the highest PBDIT and PAT figures, have contributed to the recent uptick, but the overall long-term growth remains concerning due to an annual operating profit decline of -3.89%.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a one-year return of -28.57% compared to the BSE500's negative return of -0.19%. This underperformance highlights the stock's struggles despite recent gains. Additionally, the finance/NBFC sector has experienced a decline of 2.13%, which may impact investor sentiment. The falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence among traders, further complicating the stock's outlook. Overall, while there are short-term gains, the long-term fundamentals and broader market conditions present challenges for Regis Industries Ltd.