Why is Regis Industries falling/rising?

As of 21-Aug, Regis Industries Ltd is experiencing a price increase, currently at Rs. 8.47, reflecting a change of 0.17 or 2.05% upward. Despite this positive movement today, the stock has shown a significant decline over the past month, with a return of -10.84%, and a year-to-date drop of -47.06%. The stock recently hit a new 52-week low of Rs. 8.2, indicating ongoing challenges. However, there has been a notable increase in investor participation, with delivery volume rising by 35.67% against the 5-day average, suggesting some renewed interest. The company reported strong quarterly results, with a PAT growth of 1954.5%, but it faces long-term fundamental weaknesses, including a low return on equity of 0.07% and a high price-to-book value ratio of 5.6, which may deter long-term investors.
In the broader market context, the Sensex has performed positively, gaining 1.74% over the past week, while Regis Industries has underperformed with a return of -0.94% in the same period. The stock's significant decline over the past year, at -43.74%, starkly contrasts with the benchmark's slight negative return of -1.56%. This underperformance highlights the stock's struggles relative to the market, despite some positive quarterly results. Overall, while there are short-term gains today, the long-term outlook remains concerning, contributing to a mixed sentiment among investors.